Solvay announced the divestment of Functional Polymers’ last fully-owned and operated business, Polyamide, for an enterprise value of €1.6bn. The closing of the deal is expected in Q3 18 after the approval of the anti-trust authorities. Management updated FY guidance, now expecting underlying EBITDA to grow 6-8% (previously: high single-digit) and FCF from discontinued operations is seen to be above €800m.
19 Sep 2017
No more FUNctional polymers
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No more FUNctional polymers
Solvay SA (SOLB:WBO) | 0 0 0.5% | Mkt Cap: 11,953m
- Published:
19 Sep 2017 -
Author:
Martin Schnee -
Pages:
2
Solvay announced the divestment of Functional Polymers’ last fully-owned and operated business, Polyamide, for an enterprise value of €1.6bn. The closing of the deal is expected in Q3 18 after the approval of the anti-trust authorities. Management updated FY guidance, now expecting underlying EBITDA to grow 6-8% (previously: high single-digit) and FCF from discontinued operations is seen to be above €800m.