Posted in | News | Plastics and Polymers | Business | Petrochemicals

Air Products Looking to Offload Shares in Polymer Joint Ventures

Nov 7 2007

Air Products and Wacker Chemie AG are in advanced discussions over Wacker’s purchase of Air Products’ shareholdings in their two joint ventures, Wacker Polymer Systems (WPS ) and Air Products Polymers (APP), including APP’s vinyl acetate-ethylene activities. Air Products holds 65 percent of APP and Wacker 35 percent. As for WPS, Wacker owns 80 percent and Air Products 20 percent.

Air Products announced its intention to sell its WPS and APP shareholdings in March 2006. 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.

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