By extending the period over which Sartor could settle his multi million euro debt with raw material supplier Eni, a stumbling block was deemed to have been overcome earlier this month. Just when the acquisition of Ineos Vinyls Italia by Sartor, through his company Safi, seemed to have been okayed, a major hurdle was struck by way of the prospective buyer accusing Ineos of with holding back vital information regarding debt and other unknowns till the final stages, instigating him to walk out of the deal.
For more details on Sartor’s decision on acquisition of Ineos Vinyls Italia oscillating click here
Wednesday, April 01, 2009
Sartor’s decision on acquisition of Ineos Vinyls Italia oscillating
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