Two Chemical Industry Giants to Merge

摘要

Of interest to refiners with integrated chemical operationsand clients or those who purchase catalysts with rare-earthelements,Refinery Trackerwould like to highlight for sub-scribers that on April 4, Belgium-based Solvay announcedthe launch a friendly cash offer for 100% of the equity sharesof France-based Rhodia at ?31.60 per share (ex-dividend of?0.5) to create a new global chemical behemoth with annualsales of ?12 billion (US$17 billion) with 40% of those salesgenerated in emerging markets.