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Solvay SA looses BSZ purchase contest

June 09/2010

(RBC-Daily) -- Belgian concern Solvay SA, which was waiting for several months for the permission of Federal Antimonopoly Service (FAS) to purchase Bereznikovsky Sodovy Zavod (BSZ - Berezniki Soda Factory), didnt obtain the deal. Last Friday the plant was bought by Bashhim associates, which has also obtained FAS permission together with Belgian company.


According to official Kaustik Ltd. (Bashhim associated) data, On June 4 this year the company became an owner of almost 97% of BSZ stocks. Kaustiks documents witness that value of the deal formed about EUR 133,81 mln., which colud be change in respect to BSZ work in the first half of 2010. The first EUR 60 mln. Payment has already been done. The rest will be paid during next three years. Sberbank has opened credits for Kaustik under average 12% per annum

Solvay SA looses BSZ purchase contest








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