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| Name | Symbol | Market | Type |
|---|---|---|---|
| Arkema (PK) | USOTC:ARKAY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 89.878 | 91.84 | 92.49 | 0.00 | 14:17:58 |
From Jun 2019 to Jun 2024
By Kim Richters
Arkema (AKE.FR) said Monday that it plans to sell its functional polyolefins business to SK Global Chemical, valuing the division at 335 million euros ($369.6 million).
The French chemical company said the divestment of the business, which produces chemicals used in sectors such as food packaging, is part of its move towards a focus on specialty chemicals and advanced materials.
SK Global Chemical, which will create a French holding company for the takeover, is a subsidiary of South Korean conglomerate SK Group, Arkema said.
The divestment is subject the approval of antitrust authorities as well as a consultation process with the company's employee representative bodies and is expected to close in the second quarter next year, it said.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
October 14, 2019 12:33 ET (16:33 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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