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Provider: Reuters Investment Profile
Provider: Thomson Reuters StreetEvents

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Kemira completes divestment of ChemSolutions' formic acid business

Thursday, 6 Mar 2014 10:15am EST 

Kemira Oyj:Completes ChemSolutions' formic acid business divestment to Taminco Corporation.The divestment was announced on Dec. 23, 2013.The transaction included a manufacturing asset for formic acid, including the feed and the airport runway deicing product lines in Oulu, Finland and about 160 employees.The transaction results in a capital gain of about 40 million euros in Q1 for Kemira. 

Company Quote

-0.12 -1.11%
22 Aug 2014