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AGC Asahi Glass to buy Solvay's 58.77% stake in Vinythai · Endata

◂ Announcements

Specialty Chemicalsworld trade 2024+2.3% 5Y CAGR

Plastics and Polymersworld trade 2024+3.9% 5Y CAGR

Dec 15, 2016ACQUISITIONThailand, Thailand

AGC Asahi Glass to buy Solvay's 58.77% stake in Vinythai

Solvay has agreed to sell its 58.77% stake in Vinythai PCL to AGC Asahi Glass for an enterprise value of 16.5 billion Thai Baht (€435 million), exiting Asian PVC activities.

Value

$460.0M (435.0M EUR)

Status

Announced

Productspolyvinyl chloride (PVC)

CompaniesSolvay partner Vinythai target AGC Asahi Glass acquirer

Sectors#Specialty Chemicals #Plastics and Polymers

“Solvay has signed a definitive agreement to sell its 58.77 percent stake in its Thai subsidiary Vinythai PCL to AGC Asahi Glass (AGC), thereby exiting its Asian polyvinyl chloride (PVC) activities.”glassonline.com

1 source
glassonline.comAGC Asahi Glass to buy Solvay’s stake in Vinythai | GlassOnline.com - The World's Leading Glass Industry WebsiteZoe WhittenDec 15, 2016

Summarized from public sources; check the original articles before acting on it.

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