Solvay and Ineos Firm Agreement On Solvav's Exit from Inovvn JV

摘要

Brussels-Solvay and Ineos have signed the binding agreement to end their 50-50 Inovyn chlorovinyls joint venture ahead of the original July 2018 schedule (PCN, 21-28 Mar 2016, p 1). The joint venture was established in 2015 to combine the European polyvinyl chloride, caustic soda and chlorine derivatives businesses of Solvay and Ineos. At formation, it was intended that Solvay would withdraw its interest in Inovyn after three years.