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Tessenderlo divests assets in Italy to ICIG

4:19 PM MDT | June 3, 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. The sale concerns one production site at Pieve Vergonte, Italy, with an electrolysis and chloroaromatics plant and two hydroelectric power stations. Tessenderlo Italia is a supplier of aromatic chlorine products and specialty dichlorotoluenes, mainly used in the agricultural and pharmaceutical markets. Tessenderlo Italia had sales of about...

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