# 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.

- Type: Acquisition
- Announced: 2016-12-15
- Where: Thailand, Thailand
- Value: $460.0M (435.0M EUR)
- Status: announced
- Products: polyvinyl chloride (PVC)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Solvay](https://endata.com/companies/1830.md) (partner)
- [Vinythai](https://endata.com/companies/20719.md) (target)
- [AGC Asahi Glass](https://endata.com/companies/20750.md) (acquirer)

## Sources

- [glassonline.com](https://www.glassonline.com/agc-asahi-glass-to-buy-solvays-stake-in-vinythai/), 2016-12-15: "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."

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