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MG tech repositions to focus on engineering.(breaking news Roundup)(MG Technologies AG will divest chemical operations)(Brief Article)
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Chemical Market Reporter
- Article date:
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October 6, 2003
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Copyright informationCOPYRIGHT 2003 Schnell Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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German conglomerate MG Technologies AG has decided to divest all its chemicals operations in order to focus solely on engineering. The company will seek to sell subsidiaries Dynamit Nobel and Solvadis for "significantly more than" 2 billion [euro] ($2.3 billion). Specialty chemicals producer Dynamit Nobel has sales of around 2.5 billion [euro] while chemicals distributor Solvadis ...
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