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Issue 7 2017 - Solvay sells part of its business and shares

 Last Update: 2022-11-11
 Source: Internet
 Author: User

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On March 30, Solvay announced that it had signed a definitive agreement to sell its Italian polyolefin cross-linked compounds business to the family-owned Finproject SpA Group
.
The transaction is expected to close
in the second quarter of 2017.
The Finproject SpA Group, based in Parma, Italy, manufactures injection molding of
polyolefin and PVC compounds as well as plastic foams.

Earlier, the company also signed a definitive agreement to sell its 25.
1% stake in India's National Peroxide to Wadia Group
.
The transaction is expected to close
by the end of March.
Established in 1954 as a joint venture between Wadia Group and Laporte, National Peroxides of India produces hydrogen peroxide, sodium perborate and hydrogen, and has a production facility in Maharashtra, after Solvay acquired a stake
in the company from Laporte.

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