Solvay: agreement with Domo Chemicals for disposal
(CercleFinance.com) - Solvay and BASF announced on Wednesday that they have reached an agreement with Domo Chemicals for the latter's acquisition of some of Solvay's Polyamide assets.
These assets are those that will be transferred to a third party under the European Commission's approval procedure. This agreement is a key step towards finalising the sale of Solvay's remaining Polyamide business to BASF, the group said.
The assets acquired by Domo relate to Solvay Performance Polyamides' facilities in Belle-Étoile and Valence, a stake in a newly created joint venture between BASF and Domo in Chalampé, the sites of Gorzow (Poland), Blanes (Spain) and commercial activities in Germany and Italy.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
These assets are those that will be transferred to a third party under the European Commission's approval procedure. This agreement is a key step towards finalising the sale of Solvay's remaining Polyamide business to BASF, the group said.
The assets acquired by Domo relate to Solvay Performance Polyamides' facilities in Belle-Étoile and Valence, a stake in a newly created joint venture between BASF and Domo in Chalampé, the sites of Gorzow (Poland), Blanes (Spain) and commercial activities in Germany and Italy.
Copyright (c) 2019 CercleFinance.com. All rights reserved.