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New Deal


Announced

Solvay completed the acquisition of the remaining 20% in its soda ash joint venture with AGC for $120m.

Financials

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Transaction Value£95m
Consideration TypeCash
Capital Owned80%
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Cross Border

Chemicals: Diversified

Friendly

Completed

Private

soda ash

Acquisition

Majority

Single Bidder

Synopsis

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Solvay, a Belgian multinational chemical company, completed the acquisition of the remaining 20% in its soda ash joint venture with AGC, a Japanese global glass manufacturing company, for $120m. "The acquisition of AGC’s stake in the JV simplifies our portfolio and is an attractive opportunity to enhance and further reinforce our business and a future independent EssentialCo," Philippe Kehren, Solvay President of Soda Ash & Derivatives business.

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