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Regions :: Western Europe :: Italy

Ineos to Sell Italian VCM-PVC Units?

2:42 PM MDT | October 20, 2008 | Chemical Week Editorial Staff

Recent Italian press reports say that a consortium headed by Italian businessman Fiorenzo Sartor has signed a preliminary agreement to buy Ineos’s vinyl chloride monomer-polyvinyl chloride (VCM-PVC) complexes at Porto Marghera, Porto Torres, and Ravena, Italy. The reports quote a price of €120 million ($162 million) for the proposed transaction. The consortium is also seeking to buy the Porto Marghera chlor-alkali plant of Syndial, an ENI (Rome) subsidiary, the reports say. Sartor controls chemical distributor Videa (Treviso, Italy). Meanwhile, Ineos...

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