# Asahi Glass to buy 59% stake in Vinythai from Solvay for $291M

Asahi Glass will buy a controlling 59 percent stake in Thai plastics company Vinythai from Belgian chemical firm Solvay SA for $291 million.

- Type: Acquisition
- Announced: 2016-12-14
- Where: Thailand
- Value: $291.0M
- Status: announced
- Products: plastics
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Solvay](https://endata.com/companies/1830.md) (target)
- [Asahi Glass](https://endata.com/companies/20718.md) (acquirer)
- [Vinythai](https://endata.com/companies/20719.md) (target)

## Sources

- [dealstreetasia.com](https://www.dealstreetasia.com/stories/asahi-glass-to-buy-59-percent-stake-in-vinythai-from-solvay-60542), 2016-12-14: "Japan's biggest glass maker, Asahi Glass, said on Wednesday it will buy a controlling 59 percent stake in Thai plastics company Vinythai from Belgium chemical firm Solvay SA."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.