Plastic Omnium Signs Definitive Deal to Buy Out Inergy Automotive

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MANAVIGATOR-July 29, 2010-Plastic Omnium signs definitive deal to buy out Inergy Automotive (C)2010 M2 COMMUNICATIONS http:// www.m2.com

French plastic processing group Compagnie Plastic Omnium (EPA:POM) said Wednesday it has agreed to buy the 50% stake of Belgian chemicals giant Solvay (EBR:SOLB) in fuel systems maker Inergy Automotive Systems for EUR270m (USD351m) and thus gain full control of the company.

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Plastic Omnium Signs Definitive Deal to Buy Out Inergy Automotive

The acquisition fits in with Plas...

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