Solvay secures Brazilian antitrust clearance to se
Post# of 301275
Posted On: 12/07/2016 11:00:35 PM
Solvay secures Brazilian antitrust clearance to sell its Solvay Indupa stake to Unipar Carbocloro
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Brussels, December 7, 2016 --- Solvay has obtained clearance from the Brazilian antitrust authority, CADE, for the agreed sale of its 70.59% stake in Solvay Indupa to chemical group Unipar Carbocloro.
Completion of the transaction, at a total enterprise value of US$ 202.2 million as announced in May, is expected to take place in the next weeks. Solvay Indupa produces PVC and caustic soda in Brazil and Argentina.
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