Posted in | News | Fibers

Rhodia Divest Rhodia-ster

Oct 9 2002

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Rhodia have just completed the divestiture of its interest in Rhodia-ster. They have sold their entire 88.4% share to the Italian company Gruppo Mossi & Ghisolfi. The sale has yielded a debt reduction of approximately 190 million Euros.

The divestment of Rhodia-ster is consistent with the company’s plan to divest non-core businesses and has achieved a large portion of its goal to divest 500 million Euros worth of assets.

Rhodia-ster is the largest producer of polyester fibre products and PET resin in Brazil and South America. Its divestiture also marks the exit of Rhodia form the polyester market.

For more information on polyester, click here.

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