Solvay takes note of Brazilian competition authority's rejection of Braskem acquisition of Solvay Indupa
Mittwoch, 12.11.2014 20:10 von GlobeNewswire
Brussels, November 12, 2014 --- Solvay has taken note of the Brazilian competition authority's (CADE) decision to reject the intended acquisition of Solvay's 70.59 percent majority stake in Solvay Indupa by Brazilian chemical producer Braskem. The decision was taken during a public hearing held earlier today.
While Solvay is awaiting details of the decision, it confirms that its strategic direction remains unaffected. Solvay will, as soon as possible, examine alternative options to sell Solvay Indupa which is South America's second-largest PVC producer and fourth-largest caustic soda producer.
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Source: Solvay S.A. via Globenewswire
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Solvay S.A. via Globenewswire
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