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Rhodia completes sale of its European industrial fibers business to Butler Capital
04-Jan-2007
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Rhodia today confirmed it has completed the sale of its European industrial fibers business to Butler Capital Partners. This business employs 1,200 people, based in Germany, Latvia, Poland, Slovakia and Switzerland. According to the company, the transaction is in line with Rhodia's strategy to refocus on businesses in which the Group holds strong leadership positions.