Posted in | News

Rhodia to Sell Silicones Business to China National BlueStar Corporation

Oct 26 2006

Related Stories

Rhodia has announced the signature of an agreement for the sale of its Silicones business to China National BlueStar Corporation.

Rhodia’s Silicones business generated sales of €417 million in 2005 and has a total of 1,200 employees. It is mainly situated in Europe, with major production sites at Saint-Fons and Roussillon, in France.

This transaction is based on an enterprise value of €400 million representing a multiple of slightly more than 7 times 2005 recurring EBITDA. The closing is expected in the next few months.

This divestment is in line with Rhodia’s strategy to focus on businesses with global leadership positions and will contribute further to the Group’s debt reduction.

http://www.rhodia.com

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
(Logout)
Your comment type
Submit

Sponsored Content

Editorial Highlights

The Current State of the Global Semiconductor Market

The Current State of the Global Semiconductor Market

The global semiconductor market has entered an exciting period. Demand for chip technology is both driving the industry as well as hindering it, with current chip shortages predicted to last for some time. Current trends will likely shape the future of the industry, which is set to continue to show

How are Graphene Batteries Made?

How are Graphene Batteries Made?

The primary distinction between graphene-based batteries and solid-state batteries lies in the composition of either electrode. Although the cathode is commonly changed, carbon allotropes can also be employed in fabricating anodes.

Newsletters you may be interested in

See all Newsletters »

Terms

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

Provide Feedback