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Tessenderlo Group Divests Some Operations; Posts Second-Quarter Loss

6:33 AM MDT | August 29, 2012 | Sotirios Frantzanas

Tessenderlo Group says it intends to divest its continental European profiles activities to OpenGate Capital (Los Angeles), a global private investment firm. The activities include production facilities in France and Belgium, and distribution centers in Hungary and Poland. The company also sold its organic chlorine derivatives activities in China, to a private investment firm based in Hong Kong, in August 2012, and completed the sale of a 13.33% stake in T-Power, to Tokyo Gas, in June 2012. Tessenderlo Group also has signed a long-term production...

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