Rhodia sells its stake in Baikowski Chimie
Rhodia announced the sale of its 34% stake in the French company Baikowski Chimie to PSB Industries Group. PSB Industries currently owns 66% of Baikowski Chimie.
Baikowski Chimie provides specialty ceramics products for applications in the lighting, medical devices and electronics markets, as well as delivering products for precision polishing, holding global leadership positions in a number of market segments. Baikowski Chimie had sales of 29 million euros in 2003.
PSB Industries is present principally in packaging and in specialty fine minerals through Baikowski Chimie. PSB is listed on the Paris stock exchange, and had sales of 157 million euros in 2003.
By common agreement, Rhodia will continue to be represented on the Baikowski Chimie Board of Directors.
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