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Issues archive
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Imperial Chemical Industries PLC agreed on selling its oleochemicals and surfactants business, Uniqema, to Croda International PLC for a gross consideration of GBP 410 million (GBP 1 = EUR 1,44), subject to closing balance sheet adjustments, including working capital and net debt. Of the gross consideration, GBP 24 million will be used to provide for deal-related costs and tax. Of the balance, approximately GBP130 million will be used to reduce ICI's related post-retirement benefit deficits and around GBP 256 million will be used to reduce net debt. The transaction is expected to be completed in Quarter 3, 2006, subject
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