25 March 1999: Switzerland“s Ciba Specialty Chemicals said it was selling its 30% stake in Cerdec AG, Keramische Farben, to its Cerdec joint venture partner Degussa Huels AG.
With the transaction, f…
25 March 1999: Switzerland“s Ciba Specialty Chemicals said it was selling its 30% stake in Cerdec AG, Keramische Farben, to its Cerdec joint venture partner Degussa Huels AG. With the transaction, for which no price was given, Degussa Huels becomes the 100% owner of Cerdec, which produces colour products for glass and ceramic industries.