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Article: SHELL SELLS WAVIN STAKE.
- Article from:
- Plastics News
- Article date:
- March 22, 1999
- Author:
CopyrightCOPYRIGHT 1999 Crain Communications, 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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Shell Chemicals Ltd. has pulled out of the plastic pipe extrusion business with the sale of its 50 percent stake in Europe's top pipe producer, Wavin BV, to private equity firm CVC Capital Partners Ltd.
London-based Shell finalized the deal March 8. Terms were not disclosed.
Wavin of Zwolle, the Netherlands, claims to be world's second-largest maker of plastic pipe and fittings, producing 772 million ...