Solvay on May 3, 3026 signed a definitive agreement with Brazilian chemical group Unipar Carbocloro to sell its 70.59 percent stake in Solvay Indupa. “Solvay’s divestment of Indupa follows our announced early exit of our European PVC joint venture as Solvay is transforming into a specialty chemicals group. In acquiring Solvay Indupa, Unipar will strengthen its strategic position in the caustic soda and chlorine value chain extending its chemical footprint in PVC and allowing for the further development of Indupa,” said Vincent De Cuyper, member of Solvay's executive committee.
The transaction is based on a total enterprise value of $ 202.2 million, which will be subject to customary adjustments.
Completion of the transaction is subject to the customary closing conditions, including antitrust approval.
Created in 1948, PVC and caustic soda producer Solvay Indupa has 956 employees and two production sites in Brazil and Argentina. Solvay had already classified Solvay Indupa as an ‘Asset held for sale’.
