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Solvay Signs Agreement To Acquire Majority In Berezniki Soda Ash Plant In Russia

Post Time:Sep 10,2009Classify:Company NewsView:331

Solvay announces on September 8, 2009 that it has signed an agreement with Sodium Group Investments Limited to acquire its majority stake in OAO Bereznikovsky Sodovy Zavod and ZAO Berkhimprom. The agreed enterprise value for the stake amounts to about 160 million EUR and the price will be subject to usual adjustments at closing. Solay expects to finalize this acquisition early 2010 after completion of the customary steps and the relevant notifications, in particular merger control in Russia(FAS).

Source: SolvayAuthor: shangyi

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