BRUSSELS, BELGIUM: Solvay SA has completed the divestment of its cellulose acetate tow business, Acetow, to private equity funds managed by Blackstone.
The transaction is based on an enterprise value of around €1 billion, resulting in a net financial debt reduction of some €0.7 billion.
© Worldofchemicals News
Read More: Solvay completes sale of cellulose acetate tow business
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