IHS Chemical Week

Chemical Week Magazine :: Newsbriefs

PPG closes sale of share in Transitions jv

6:28 AM MDT | April 4, 2014

PPG says it has closed the sale of its 51% stake in the Transitions Optical joint venture, along with PPG’s wholly-owned sun lens business, to Essilor International (Paris), a maker of eyeglass lenses. Essilor had previously held a 40% stake in the Transitions jv. PPG will receive $1.73 billion in cash as a result of the sale, which values Transitions at about $3.4 billion. Net of tax, PPG’s proceeds will total $1.5 billion. The Transitions jv recorded $874 million in sales during 2013. The Transitions jv and the sunlens business will be recorded as...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2014 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa