01 August 2011 17:32 [Source: ICIS news]
LONDON (ICIS)--Tessenderlo has completed the sale of its polyvinyl chloride (PVC) and chlor-alkali business to INEOS ChlorVinyls, the Belgium-based chemicals company said on Monday.
“On the closing of the deal, Tessenderlo Group received €110m ($159m) on a cash-free, debt-free basis,” it added.
Tessenderlo will now leave the commodities market and focus on its sulphate, akiolis and gelatine businesses, and its remaining plastics pipe systems and water-treatment segment.
($1 = €0.69)
For more on Tessenderlo visit ICIS company intelligence
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