INEOS Group completes the sale of its fluorochemicals business to Mexichem Fluor S.A. de C.V.
01-Apr-2010
- United Kingdom
INEOS Group has successfully completed the sale of its fluorochemicals business to Mexichem Fluor S.A. de C.V., a subsidiary of Mexichem S.A.B. de C.V.
The sale, which has been approved by the regulatory authorities, comprises the international business and assets related to INEOS’ fluorochemical operations located in North America, Europe, and Asia. .
Activities relating to the Clean Development Mechanism (CDM) and fluorspar will remain with INEOS and will become a part of INEOS Enterprises business.
This transaction is part of the company’s ongoing programme to focus on its large-scale petrochemicals businesses as it continues strengthen its liquidity and business performance.
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