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This excerpt taken from the ICI 6-K filed Mar 8, 2005. ICI COMPLETES SALE OF VINAMUL POLYMERS BUSINESS FOR US$208M Imperial Chemical Industries PLC (“ICI”) has completed the sale of the US, Canadian and European Vinamul Polymers business of National Starch and Chemical Company to Celanese for US$208 million (£111m) in cash. ICI expects net proceeds after tax and other costs to be approximately US$157m (£84m), which will be used to reduce ICI's net debt. The transaction was first announced on November 23, 2004. |
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