Sale by ICI of some businesses to Ineos expected

Article Abstract:

Imperial Chemical Industries PLC (ICI) is engaged in advanced negotiations to sell some of its operations to Ineos Group. The operations being negotiated for sale are worth approximately 300 million pounds (519.3 million euros).

CHEMICALS AND ALLIED PRODUCTS, Ineos Group Ltd.

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Russia and U.K. sign pipeline memorandum

Article Abstract:

The United Kingdom and Russia have reached a deal on a new natural gas pipeline stretching from Russia to continental Europe, including the United Kingdom. The project will cost $7 billion.

Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Goods & services distribution, Crude Petroleum & Natural Gas, Russia, Planning, Pipelines, Petroleum industry, Natural gas, Petroleum, Gas industry, Transportation, Company business planning, Natural gas pipelines

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ICI to sell coatings businesses to PPG; Groups debt drops after $687.6 million sale

Article Abstract:

In an effort to reduce its heavy debt load, Imperial Chemical Industries has agreed to sell its automotive refinishing and industrial coatings business to PPG Industries Inc. for #425 million ($687.6) in cash. This sale and other recent divestitures are expected to reduce the company's debt to around #2.6 billion from #4.5 billion. ICI chairman, Charles Miller Smith, plans to transform the company into a specialty chemicals maker by selling most of its commodity businesses.

United States, Diversified Companies, Asset sales & divestitures, Acquisitions & mergers, Metal Can Manufacturing, Coating & Paint Aerosols, PPG Industries Inc., Aerosol coatings

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