Verkoop van Russische participatie in JV Sibur voor €433 miljoen cash inkomst (maar €174 miljoen verlies op boekwaarde)
Solvay announces the completion of the sale of its 50% stake in the RusVinyl joint venture to its joint venture partner Sibur.
At the time of closing, Solvay received €433 million in cash proceeds in Belgium which will be reported in the first quarter as cash flow from investing activities (Consolidated statement of cash flows). A capital loss of €174 million will be recognized in the first quarter of 2023, mainly reflecting the crystallization of historic currency translation balances.
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