Solvay: finalises disposal of Acetow.
(CercleFinance.com) - In a terse statement, Solvay has announced that it has completed the sale of Acetow, its cellulose acetate cable business, to a private equity fund managed by the American company Blackstone.
The Belgian chemicals group states that this transaction is based on an enterprise value of approximately one billion euros, cutting its net financial debt by approximately 0.7 billion euros.
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