Recent work/news
April 2011
Maitland advises Belgian chemicals group Solvay SA on its €3.4bn agreed acquisition of French peer Rhodia SA
Maitland is advising Solvay on its proposed acquisition of Rhodia SA to create a group with sales of €12bn. The proposed acquisition has been unanimously recommended by the board of directors of Rhodia and is expected to be completed by the end of August 2011. The complementary activities of Solvay and Rhodia will be joined to form a large global chemical company, committed to sustainable development. The new group will capitalize on its geographic footprint with 40% of activities in emerging markets, the quality and balance of its portfolio, and the solidity of its financial base to optimally capture new growth opportunities.
Maitland advises Belgian chemicals group Solvay SA on its €3.4bn agreed acquisition of French peer Rhodia SA
Maitland is advising Solvay on its proposed acquisition of Rhodia SA to create a group with sales of €12bn. The proposed acquisition has been unanimously recommended by the board of directors of Rhodia and is expected to be completed by the end of August 2011. The complementary activities of Solvay and Rhodia will be joined to form a large global chemical company, committed to sustainable development. The new group will capitalize on its geographic footprint with 40% of activities in emerging markets, the quality and balance of its portfolio, and the solidity of its financial base to optimally capture new growth opportunities.
Contacts: David Stürken, Sarah Hamilton, Lydia Tay.
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