AkzoNobel €5 million divestment Eka Synthomer joint venture

AkzoNobel to divest Eka Synthomer joint venture

11:39 AM, 27th October 2014
AkzoNobel €5 million divestment Eka Synthomer joint venture

AMSTERDAM, THE NETHERLANDS: AkzoNobel has announced the €5 million divestment of its 50 per cent share in non-consolidated joint venture Eka Synthomer Oy, to Synthomer. The divestment of these shares follows a strategic review of the businesses within AkzoNobel’s portfolio.

“Following an earlier announcement about the intended divestment of our Paper Chemicals activities to Kemira, this deal completes our exit from the paper chemicals market. Divesting our holding in Eka Synthomer Oy will now allow us to focus on our strong chemical platforms, as well as our global leadership positions in bleaching chemicals, colloidal silica, Kromasil and expandable microspheres,” said Niek Stapel, Managing Director, Pulp and Performance Chemicals business, AkzoNobel.

 

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