Germany's Woellner agrees draft deal to buy Poland's Rudniki
17 February 2012 17:04 [Source: ICIS news]
LONDON (ICIS)--?xml:namespace>Germany’s Woellner Group has agreed a draft contract with the Polish treasury ministry for the acquisition of an 85% stake in chemical producer Zaklady Chemiczne Rudniki, the ministry said on Friday.
In November, Woellner snubbed the chance to make an exclusive offer for the stake in Rudniki, a producer of sodium silicate, sodium water glass, potassium silicate, potassium silicate glass and industrial washing agents.
However, treasury officials subsequently invited Woellner back for a second round of negotiations which has proved successful, the ministry added.
Financial details of the potential acquisition were not disclosed.
Woellner is based at Ludwigshafen in southwestern Germany, and also has plants in France, Austria and China. It produces silicates and specialty chemicals for the dyestuff and construction, paper, chemical, and detergent and cleaning agent industries.By: Will Conroy+44 20 8652 3214
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