Solvay and INEOS End Joint Venture

Solvay and INEOS End Joint Venture


Solvay and INEOS have signed the binding agreement to end their chlorovinyls INOVYN joint venture. Upon completion of the transaction, Solvay will receive a final payment of €335 million and INEOS will become INOVYN’s sole shareholder. Closing should occur in the second half of 2016, subject to customary regulatory approvals.

INEOS was created as a 50-50 Joint venture in May 2013. Combining the chlorvinyls activities of INEOS and Solvay, the PVC producer ranks among the top three worldwide.


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