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Permira to withdraw from BorsodChem in two years' time

March 16/2010

March 16 (plasteurope) -- Hungarian chemicals company BorsodChem could well be Chinese-owned in two years time. After months of wrangling, current majority shareholders private equity investor Permira and Vienna Capital Partners  have decided to give minority shareholder Yantai Wanhua Polyurethane an option to acquire all shares currently held by Permira and VCP.


In exchange Wanhua will extend an immediate loan of EUR 30m, followed by an additional EUR 110m within a few weeks. The companies have not provided any further financial details of the deal.

MRC Reference

BorsodChem. The share in the Russian market in 2008:
 PVC - 2.5%;
 PVC-S - 2.6%.


Annual growth of sales in Russia over the 5 years:
 PVC - 201%.


Supply by processing technologies:
 profile extrusion;

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