Solvay, Ineos reach merger agreement for PVC businesses

05/7/2013 | Bloomberg · Chemical Week · ICIS News (U.K.)

Ineos and Solvay reached a $5.6 billion deal to combine their polyvinyl chloride units into a joint venture. The deal includes an exit vehicle for Solvay, which is moving to divest its commodity chemical businesses. "The joint venture will improve the competitiveness of its operations in a very challenging environment regarding feedstock and energy costs in Europe," said Solvay CEO Jean-Pierre Clamadieu.

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Bloomberg · Chemical Week · ICIS News (U.K.)

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