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Lonza Sells Most of its Polynt Stake

12:34 PM MST | January 14, 2008 | Chemical Week Editorial Staff

Lonza says it has agreed to sell almost all of its stake in Polynt (Scanzorosciate, Italy) for €3.67/share to Polimeri Speciali, a subsidiary of private equity capital firm Investindustrial (Milan). Lonza’s stake in Polynt will fall from 31%, to 3.39% following the divestment. The rest of Polynt’s shares are traded on the Milan stock exchange. The transaction is expected to close after regulatory reviews in the second quarter. Polynt is a major producer of maleic anhydride and derivatives, phthalic anhydride and general plasticizers, trimellitic...

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