SolVin and Arkema to Untie Vinyls Production in France and Spain
SolVin and Arkema are to buy off the minority cross holdings in the vinyls production joint ventures operated by them, effective from July.
The joint venture companies are VinylFos with SolVin's stake of 21%, VinylBerre with SolVin's stake of 35% and Vinilis with SolVin's stake of 65%.
After separating the joint ventures, SolVin will become the sole shareholder of Vinilis and Arkema the sole shareholder of VinylFos and VinylBerre in France.
The buy-back will enable SolVin to simplify its industrial structure in this part of the EU.