SUNSHIELD CHEMICALS - ACQUISITION BY SOLVAY

In September 2012 ,  Rhodia Amines Chemicals Pte Ltd Singapore and Solvay S.A. of Belgium made an open offer to acquire majority stake in Sunshield Chemicals @ Rs.51 per share .Offer will be closed on 19 December 2012.For the first time post announcement stock closed above open offer price today.Considering  Solvay's expertise in chemical field and its planned expansion in India ,It is a stock to keep in radar .CMP is Rs.55 /-

Link to Solvay Website HERE 

Link to Sunshield Website HERE

ALBRIGHT & WILSON CHEMICALS INDIA LTD - EVENT UPDATE

I have recommended Albright and Wilson Chemicals @ Rs.185 (Click HERE to read the old posting) which is currently trading around Rs.280/- .In an important development ,  the Belgian chemical giant  Solvay launched a 3,4 billion euro takeover bid for French Chemical company Rhodia . Rhodia UK (Part of Rhodia France) is the parent company of Albright and Wilson Chemicals India Ltd .Earlier the BSE listed Solvay Pharma was taken over by Abbot group and this listed entity is going to merge with Abbot India . So, Solvay is expected to work in India through AWCIL( the only fully owned company of Rhodia in India) going forward.An open offer by SOLVAY for AWCIL is also a possibility . (Indirectly the ultimate parent is changing) .Even if the open offer is excluded in any case Solvay's strength  will surely help  AWCIL to perform better in the future, by all means.

Enjoy the Investment