Alle Storys
Folgen
Keine Story von Wacker Chemie AG mehr verpassen.

Wacker Chemie AG

euro adhoc: Wacker Chemie AG
Strategic management decisions
WACKER CHEMIE AG NEGOTIATES ABOUT FULL OWNERSHIP OF ITS POLYMER JOINT VENTURES WITH AIR PRODUCTS

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Acquisitions
06.11.2007
Munich / Allentown (PA, USA), November 6, 2007 - Wacker Chemie AG and
Air Products and Chemicals, Inc. are in advanced discussions about 
the sale of Air Products´ shareholdings in their two joint ventures, 
Air Products Polymers (APP) including its Vinyl Acetate Ethylen 
activities and Wacker Polymer Systems (WPS). Air Products issued a 
formal statement on March 22, 2006, announcing its intention to sell 
its WPS and APP shareholdings. WACKER holds 35 percent of APP and Air
Products 65 percent. As for WPS, WACKER holds 80 percent and Air 
Products 20 percent. WACKER expects this move will contribute 
substantially to further develop its polymer business to around EUR1 
billion in sales. The planned transaction is still subject, among 
other matters, to concluding final, definitive agreements and 
approval by WACKER´s and Air Products´ respective supervisory bodies.
WPS is mainly active in dispersible polymer powders, while APP is a 
global leader in sales and technology for Vinyl Acetate - Ethylene 
(VAE) emulsions. VAE emulsions are an important precursor for 
dispersible powders, as well as adhesives, coatings, nonwovens, 
cement additives and sealants
end of announcement                               euro adhoc 06.11.2007 23:01:12

Further inquiry note:

Joerg Hoffmann
Investor Relations
Tel.: +49 (0)89 6279 1633
E-Mail: joerg.hoffmann@wacker.com

Branche: Chemicals
ISIN: DE000WCH8881
WKN: WCH888
Index: CDAX, Classic All Share, HDAX, MDAX, Midcap Market Index,
Prime All Share
Börsen: Börse Frankfurt / official dealing/prime standard

Original-Content von: Wacker Chemie AG, übermittelt durch news aktuell

Weitere Storys: Wacker Chemie AG
Weitere Storys: Wacker Chemie AG