10 May 2011 18:18 [Source: ICIS news]
Once the French supervisory authority – Autorité de Contrôle Prudentiel – and the French minister of the economy have given approval, FFMA will publish a timetable and opening and closing dates of the offer.
“We maintain our schedule, which includes launching the informal tender offer to Rhodia’s shareholders in June, subject to approval by the competent authorities,” Christian Jourquin, chairman of the executive committee, said on Tuesday at the Solvay general shareholders meeting.
Solvay’s €3.4bn ($4.86bn) offer for French chemicals maker Rhodia will be launched in
The offer is subject to approval from the EU and
($1 = €0.70)
For more on Solvay and Rhodia, visit ICIS company intelligence
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