15-Jan-2007 - Kemira Oyj

Second phase of Cytec's water treatment business acquisition by Kemira

Second phase of the American chemical company Cytec Industries, Inc.'s water treatment and acrylamide business acquisition by Kemira Oyj has been confirmed. The first phase closing in October 2006 included the entire product lines with the exception of Botlek site and certain assets at various subsidiaries in Asia/Pacific and Latin America. This second phase completes the transfer of the Botlek site located in the Netherlands. Assets in Asia / Pacific and Latin America are expected to be transferred during Q2 / 2007.

The estimated total purchase price for the business is EUR 190 million including EUR 16 million for the second phase and approximately EUR 10 million for the last phase.

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