Aventis selling Wacker stake to meet EC terms

By Patrick Raleigh ERJ On-line news editor/
Strasbourg, France- Aventis is to divest its 49-percent stake in Wacker-Chemie GmbH to meet European Commission conditions for its formation back in 1999-through the merger of Rhône-Poulenc and Hoechst.
The divestment, to take place “within a confidential timeframe of several years,” replaces an earlier EC requirement for Aventis to sell its 15.3-percent stake in Rhodia. This was to prevent competition issues in the markets for silicone sealant, silicone elastomer and polymer powder.
The new deal gives Aventis “added flexibility…

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