Brief: Arkema Announces Proposed Divestment Of Its Functional Polyolefins Business

SK Chemicals

14/10/2019 17:53

Oct 14 (Reuters) - ARKEMA SA  AKE.PA :
    * ARKEMA ANNOUNCES THE PROPOSED DIVESTMENT OF ITS FUNCTIONAL POLYOLEFINS BUSINESS
    * ANNOUNCES PROPOSED DIVESTMENT OF ITS FUNCTIONAL POLYOLEFINS BUSINESS TO SK GLOBAL CHEMICAL
    * OFFER RECEIVED IS BASED ON AN ENTERPRISE VALUE OF EUR 335 MILLION
    * TRANSFER OF BUSINESS FROM ARKEMA FRANCE TO SK GLOBAL CHEMICAL WOULD LEAD TO CREATION OF A
FRENCH
SUBSIDIARY OF SOUTH-KOREAN GROUP
    * PROJECT IS EXPECTED TO BE FINALIZED IN Q2 2020

Source text for Eikon:  ID:nBwb5nylHa 
Further company coverage:  AKE.PA 

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