July 31, 2014 / 5:25 AM / 3 years ago

BRIEF-Solvay to sell U.S. based eco services business unit to CCMP Capital

July 31 (Reuters) - Solvay S.A. : Solvay To Sell Its Us based eco services business unit to ccmp capital

* Has signed a binding agreement to sell its sulfuric acid virgin production and regeneration business eco services to affiliates of ccmp capital advisors, llc.

* Transaction terms correspond to an enterprise value of us$ 890 million (eur 660 million), which represents just over 8,0x adjusted ebitda for last twelve months ending june 30(th), 2014

* Completion of transaction, expected in q4, is subject to customary closing conditions Source text for Eikon: Further company coverage:

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