Uniqema Sale Dependant on Right Offer

Posted: February 16, 2006

Although Uniqema will be placed for sale no later than the end of the first quarter, an ICI representative said that the ingredient company will only be sold if the right offer comes along. If Uniqema is not offered its rightful “value,” then it will be contained under the umbrella of the UK-based chemical giant, said ICI Director of Corporate Communications Regina Kilfoyle in an exclusive C&T interview.

 

“We will only sell Uniqema if we believe by doing so we will realize its value, and if not, we will not sell and will continue to invest in it as we have done in the past,” said Kilfoyle.

 

This reinforces speculation that Uniqema does not need to be sold, but rather is key in a larger plan.