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(Polimerica) -- The group, headquartered
in Qatar, has informed the Italian government that it is no longer interested in
the purchase of Vinyls Italia, a major PVC
manufacturer under bankruptcy proceedings. This nullifies months of negotiations
and a "quasi-agreement" reached just days ago in Rome with ENI, the
petrochemical group, top management.
One step from signature, after months of negotiations with the ENI group to
purchase the plants in the chlorine-soda supply chain along with Vinyls Italia
CVM and PVC, in a letter to the Ministry of Economic
Development, Ramco stated to be no longer interested in the operation, referring
the presumed difficulties encountered during negotiations.
Failure of the negotiations appears to be due to a lack of agreement on the
purchase price of the Vinyls Italia business (yet expressly listed in the
tender) and the salt works held by the ENI group, as well as to the lack of
authorization for a quay within the Porto Marghera petrochemical industrial
park.
mrcplast.com |
