Arkema has finalized the sale of Cerexagri to United Phosphorus Limited
PARIS -- Regulatory News: Arkema (Paris:AKE) has finalized the sale of Cerexagri, which specializes in the formulation and production of plant protection products, to the Indian company United Phosphorus Limited (UPL).
United Phosphorus Limited is a fast expanding Indian agrochemicals company listed on the Bombay stock exchange and on the Indian National Stock Exchange.
The divestiture of Cerexagri represents an initial stage in the selective portfolio management set out by Arkema in September 2006, whereby the Company plans to sell non-core assets for an overall amount of 300 million to 400 million in revenues and to make targeted acquisitions in its core activities.
This divestiture and the restructuring plans announced in January 2007 are part of the strong transformation and recovery drive launched by Arkema at the time of its creation.
A global chemical player, Arkema combines 3 related and integrated business segments: Vinyl Products, Industrial Chemicals, and Performance Products. Present in over 40 countries with 18400 employees*, Arkema achieves sales of 5.7 billion euros*. With its 6 research centers in France, the United States and Japan, and internationally recognized brands, Arkema holds leadership positions in its principal markets.
Contacts
Arkema
Frdric Gauvard
Tel. : +33 1 49 00 82 53
Fax : +33 1 49 00 50 24
frederic.gauvard@arkema.com
or
Sophie Fouillat,
Tel. : +33 1 49 00 86 37
Fax : +33 1 49 00 50 24
sophie.fouillat@arkema.com
United Phosphorus Limited is a fast expanding Indian agrochemicals company listed on the Bombay stock exchange and on the Indian National Stock Exchange.
The divestiture of Cerexagri represents an initial stage in the selective portfolio management set out by Arkema in September 2006, whereby the Company plans to sell non-core assets for an overall amount of 300 million to 400 million in revenues and to make targeted acquisitions in its core activities.
This divestiture and the restructuring plans announced in January 2007 are part of the strong transformation and recovery drive launched by Arkema at the time of its creation.
A global chemical player, Arkema combines 3 related and integrated business segments: Vinyl Products, Industrial Chemicals, and Performance Products. Present in over 40 countries with 18400 employees*, Arkema achieves sales of 5.7 billion euros*. With its 6 research centers in France, the United States and Japan, and internationally recognized brands, Arkema holds leadership positions in its principal markets.
Contacts
Arkema
Frdric Gauvard
Tel. : +33 1 49 00 82 53
Fax : +33 1 49 00 50 24
frederic.gauvard@arkema.com
or
Sophie Fouillat,
Tel. : +33 1 49 00 86 37
Fax : +33 1 49 00 50 24
sophie.fouillat@arkema.com
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