Solvay and Rhodia Likely to Start Integration Process in Early September

Solvay and Rhodia expect to begin their integration process in early September, provided they receive the relevant approvals, said Jean-Pierre Clamadieu, chairman and CEO of Rhodia, today. He was addressing journalists in Seoul via a video link from Shanghai, where he is currently visiting Rhodia’s business managers in Asia. Solvay in April agreed to buy Rhodia for €3.4 billion in cash, creating an industry giant with leadership positions in most of the companies’ products. Solvay will launch a formal tender offer to Rhodia’s shareholders...

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