ADVERTISEMENT
2 /3 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.

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

Solvay Soda Ash Deal Scuttled

by Marc S. Reisch
June 14, 2010 | APPEARED IN VOLUME 88, ISSUE 24

A deal Belgium-based Solvay thought it had sealed in September (C&EN, Sept. 14, 2009, page 18) to buy a majority stake in a Berezniki, Russia, soda ash plant from Sodium Group Investment (SGI) has gone sour. Days after the expiration of Solvay’s purchase agreement with SGI, Russian antitrust authorities inexplicably approved the sale to Solvay and also to a different buyer, the Bashkhim Group, Solvay says. Now Bashkhim owns the plant, according to Solvay, and controls 65% of the Russian soda ash market. Solvay says it is considering “strategic options” in the matter.

X

Article:

This article has been sent to the following recipient:

Leave A Comment

*Required to comment