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 RhÃ´ne-Poulenc and Hoechst.
The divestment, to take place â€œwithin a confidential timeframe of several years,â€ 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 â€œadded flexibility…