Solvay coordinated sale 50% of JV <0> "Rusvinil" to "Sibur" for 430 million euros

Moscow. March 3. information agency "Interfaks" - Solvay coordinated final conditions of sales the 50 percent share in Rusvinil joint venture LLC "RusVinil" to the partner in the joint venture - Company "Sibur". In "Sibur" to information agency "Interfaks" confirmed coordination of final conditions, having refused additional comments. In Solvay reported that the agreement is based on the price of purchases 50% of the stocks Solvay of about 430 million euros. Upon completion of the project the capital loss of about 175 million euros, generally reflecting the saved-up historical remains on conversion of currency will be recognized. It is expected that the transaction will be complete to...