January 14, 2020
Mexican conglomerate Orbia Advance has admitted that it could sell its vinyl business following press reports that it received offers for $4 billion to part ways with its German subsidiary Vestolit.
"Orbia is in the process of analyzing potential divestment alternatives or strategic alliances with respect to our vinyl business without, to date, having any certainty or approval of the execution of any transaction," the company said in a securities filing.
Bloomberg reported last week that Orbia h
Mexican conglomerate reportedly receives three offers to offload Vestolit in Germany for $4 bln