News

Solvay to buy Rhodia for EUR3.4 billion

11/04/2011

Belgian chemicals and plastics group Solvay has made a EUR3.4 billion ($4.9 billion) takeover bid for its French rival Rhodia, maker of the Amni polyamide 6.6 yarn used in sportswear, fashion and lingerie.

The deal will create a firm with combined sales of EUR12bn, 40% of which are generated in emerging markets.

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