Business Services Industry
Raisio Group Plc sells Raisio Chemicals to Ciba Specialty Chemicals
Nordic Business Report, March 19, 2004
NORDIC BUSINESS REPORT-19 March 2004-Raisio Group Plc sells Raisio Chemicals to Ciba Specialty Chemicals(C)1994-2004 M2 COMMUNICATIONS LTD http://www.m2.com
The Finnish industrial group Raisio Group Plc said on Friday (19 March) that it had signed contract to sell its chemical subsidiary Raisio Chemicals to the Swiss-based speciality chemicals company Ciba Specialty Chemicals.
The enterprise value offered was EUR475m consisting of cash and assumed debt, and would lead to an estimated sales profit before taxes of some EUR200m.
The final closing date was expected in the second or third quarter of 2004.
One euro (EUR) is worth approximately 0.7 British pounds (GBP).
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