Specialty chemical maker Albemarle Corp. says one of its subsidiaries has sold a plant in France to an affiliate of International Chemical Investors Group. The ICIG-owned affiliate, Azur Chimie, bought all equipment, buildings, land and other assets at the Port de Bouc, France facility from the subsidiary, Albemarle Chemicals SAS. The terms of the deal were not disclosed. The sale was effective Wednesday. As a result of the sale, Albemarle said it will incur a pretax charge of about $25 million to $30 million in its fourth quarter.
Albemarle sells French subsidiary
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