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Regions :: Western Europe :: Italy

Tessenderlo sells its electrolysis and chloroaromatics activities in Italy to International Chemical Investors Group

7:56 AM MDT | May 7, 2013 | Deepti Ramesh

Tessenderlo Group (Brussels) says it has sold Tessenderlo Partecipazioni (Milan), including its subsidiary Tessenderlo Italia (Milan), to International Chemical Investors Group (ICIG), a private industrial holding company. Financial terms have not been disclosed. The sale concerns one production site at Pieve Vergonte, Italy, with an electrolysis and chloroaromatics plant and two hydroelectric power stations. Tessenderlo Italia employs 113 people. The transaction has been approved by all relevant authorities, Tessenderlo says. Tessenderlo Italia is a supplier of...

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