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Solvay to exit INOVYN JV earlier than planned

by ChemOrbis Editorial Team -
  • 16/03/2016 (15:26)
According to press releases on INEOS and Solvay’s websites, Solvay will exit their 50:50 joint venture, known as INOVYN, earlier than expected and INEOS will become the sole shareholder. INEOS and Solvay established INOVYN in July 2015 and initially Solvay was set to exit the joint venture in July 2018.

The parties are expected to end the joint venture in the second half of this year after finalizing definitive legal agreements and customary regulatory approvals. Under the deal, Solvay will receive a payment of €335 million.
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