Rhodia Sells Stake in Nylstar
Rhodia (Paris:RHA) announces today the signing of an agreement to sell its 50% stake in Nylstar for €1, to a third party agent acting on behalf of a consortium of Nylstar's credit banks. SNIA, Rhodia's partner in this joint venture, has also signed an agreement to sell its 50% stake. The sale of the stake in Nylstar will be effective once the necessary regulatory formalities have been completed.