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Uniqema Sale Dependant on Right Offer

Posted: February 16, 2006

page 3 of 4

 

Some remarked that this is the largest strategic-driven decision McAdam has made since taking the helm some three years ago.

 

ICI has been lightening its load in the last few years selling off major chunks of its operations. In 1999, Huntsman purchased ICI's polyurethanes, aromatics, Tioxide and Wilton cracker operations, in a £1.7 billion transaction. In 2002, Johnson Matthey acquired Synetix, which makes materials used to speed up chemical reactions, in a £267m deal.