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Europe Daily Bulletin No. 7764

24 July 2000
Contents Publication in full By article 34 / 38
ECONOMIC INTERPENETRATION / (eu) chemicals

The German groups CELANESE and WACKER have sold their stake in their 50/50 joint-venture VINNOLIT, specialised in Polyvinil chloride (PVC) to the British investment fund ADVENT INTERNATIONAL. VINNOLIT produced 570,000 tonnes of plastic for a turnover of 428 million euro in 1999, with a workforce of 1,000. In addition, CELANESE has also announced the sale of its chloride subsidiary VINTRON (60 million euro turnover in 1999).

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
SUPPLEMENTS