Solvay Indupa is an affiliate of Solvay, an international Group active in chemistry.
It is one of the most important petrochemical companies in the Mercosur.
Solvay Indupa has its main offices in Buenos Aires and 2 industrial sites:
Press Release Solvay Indupa S.A.I.C.
Buenos Aires, Argentina, May 2nd, 2016-
Solvay Indupa S.A.I.C. has just been informed by its major shareholder Solvay Argentina S.A. that an agreement has been signed today to sell the Solvay Group stake in Solvay Indupa to Unipar Carbocloro. The transaction is based on an entreprise value of US$ 202 million, which shall be subject to customary adjustments and, in particular, considering the assessment of debt and other liabilities at closing.
Solvay’s divestment of Indupa follows its earlier announced exit of its European PVC joint venture as Solvay is transforming into a specialty chemicals group.
The completion of the transaction is subject to antitrust clearance by the Brazilian antitrust authorities and other customary closing conditions, and scheduled to take place in the last quarter of 2016.
Until completion, Solvay Indupa S.A.I.C.'s will continue normally its industrial and commercial operations inArgentina andBrazil.
About Solvay Indupa
Founded in 1948, Solvay Indupa is the second largest producer of PVC and the fourth largest caustic soda producer in South America. With 956 employees and two production sites in Argentina and Brazil, Solvay Indupa had net sales of US$ 588 million in 2015. The company is listed on the Buenos Aires stock exchange.