Imperial Chemical Industries PLC (ICI) of Britain said it has completed the sale of its international fluoropolymers business to Japan“s Asahi Glass Co. for US$ 136 million.
The deal was first unvei…
Imperial Chemical Industries PLC (ICI) of Britain said it has completed the sale of its international fluoropolymers business to Japan“s Asahi Glass Co. for US$ 136 million. The deal was first unveiled in September. ICI said it will use the sale proceeds to reduce debt. It will make a small exceptional profit on the sale and expects the deal to be earnings enhancing in the next 12 months.