NewsFlashArtenius UK sold to Lotte Group subsidiary - administrators

27 January 2010 12:12  [Source: ICIS news]

LONDON (ICIS news)--Artenius UK’s assets have been sold to Lotte Chemical UK, its joint administrators said on Wednesday.

The asset sale, subject to European Commission competition clearance, would result in the transfer of all the operational assets of Artenius UK, including both the PTA and PET manufacturing facilities at Wilton, Teesside. 

Lotte Chemical UK is a subsidiary of KP Chemical Corporation, which is an affiliate of the Korean based Lotte Group. 

($1 = €0.71, €1 = £0.87)

By: Franco Capaldo
+44 (0)20 8652 3214

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