September 29, 2005
ChemChina discusses purchase of Adisseo
According to CVC Capital Partners, the company is discussing with China National Chemical Corporation (ChemChina) about selling all outstanding shares of Drakkar Holdings S.A to ChemChina.
ChemChina was a major player in China's chemical sector, while Drakkar's main business was that of Adisseo.
CVC said a formal agreement would be signed only after certain regulatory approvals have been given.