Wacker Chemie AG

euro adhoc: Wacker Chemie AG
Strategic management decisions
WACKER CHEMIE AG NEGOTIATES ABOUT FULL OWNERSHIP OF ITS POLYMER JOINT VENTURES WITH AIR PRODUCTS

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@

Acquisitions

06.11.2007

Munich / Allentown (PA, USA), November 6, 2007 - Wacker Chemie AG and Air Products and Chemicals, Inc. are in advanced discussions about the sale of Air Products´ shareholdings in their two joint ventures, Air Products Polymers (APP) including its Vinyl Acetate Ethylen activities and Wacker Polymer Systems (WPS). Air Products issued a formal statement on March 22, 2006, announcing its intention to sell its WPS and APP shareholdings. WACKER holds 35 percent of APP and Air Products 65 percent. As for WPS, WACKER holds 80 percent and Air Products 20 percent. WACKER expects this move will contribute substantially to further develop its polymer business to around EUR1 billion in sales. The planned transaction is still subject, among other matters, to concluding final, definitive agreements and approval by WACKER´s and Air Products´ respective supervisory bodies. WPS is mainly active in dispersible polymer powders, while APP is a global leader in sales and technology for Vinyl Acetate - Ethylene (VAE) emulsions. VAE emulsions are an important precursor for dispersible powders, as well as adhesives, coatings, nonwovens, cement additives and sealants

@@start.t2@@end of announcement                                                 euro adhoc 06.11.2007 23:01:12
--------------------------------------------------------------------------------@@end@@

ots Originaltext: Wacker Chemie AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Joerg Hoffmann
Investor Relations
Tel.: +49 (0)89 6279 1633
E-Mail: joerg.hoffmann@wacker.com

Branche: Chemicals
ISIN:      DE000WCH8881
WKN:        WCH888
Index:    CDAX, Classic All Share, HDAX, MDAX, Midcap Market Index,
              Prime All Share
Börsen:  Börse Frankfurt / official dealing/prime standard



Weitere Meldungen: Wacker Chemie AG

Das könnte Sie auch interessieren: