in this issue
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 PPGâ€™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, PPGâ€™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.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee