Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

AkzoNobel Bids For More Chlorine

by Patricia L. Short
January 5, 2009 | A version of this story appeared in Volume 87, Issue 1

AkzoNobel has made what it calls "an irrevocable bid" to acquire Germany-based LII Europe for an undisclosed sum. LII Europe, the chlor-alkali business of the former Hoechst, filed for bankruptcy on Oct. 13, 2008. LII operates a chlorine facility in the Hoechst Industrial Park near Frankfurt that also produces chlorinated hydrocarbons, calcium chloride, and solid caustic soda. Akzo may find its bid complicated, however. In papers filed in court in Mauritius, where the trust holding company that owns LII is based, the beneficiary of the trust says he did not give permission for LII to be sold.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.