30 June 2011 18:21 [Source: ICIS news]
LONDON (ICIS)--Solvay has notified the European Commission of its friendly takeover bid for French chemicals maker Rhodia, the Belgium-based company said on Thursday.
The offer values Rhodia's market capitalisation at €3.4bn with an enterprise value of €6.6bn.
The closing date for the offer will be published following receipt of approval from the commission.
($1 = €0.69)
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