Arkema SA said it plans to sell its Vinyl products business to the Klesch Group for an undisclosed amount. The chemicals company said the sale is part of reorganization aimed at focusing operations on speciality products. The cost of the reorganization is estimated about 470 million euros, including a 100 million-euro cash charge in 2011, the company said in an e-mailed statement.
Arkema shares 25% up
23rd November 2011