Engineering News

UCB has sold successfully its stake in Cytec Industries
Thursday March 8, 10:38 am ET

BRUSSELS, BELGIUM--(MARKET WIRE)--Mar 8, 2007 -- at 4:30 PM (CET) -- UCB announced today that it has sold all its 5,772,857 million shares held in Cytec Industries Inc. ("Cytec") for 248 million euros, realizing a capital gain of more than 20 million euros.

On March 1, 2005, UCB sold its Surface Specialties business to Cytec. Consideration for the transaction was 1,190 million euro in cash and 5,772,857 shares of Cytec. The contractual lock-up period for these Cytec shares expired on February 28, 2007.

About UCB

Headquartered in Brussels (Belgium), UCB is a leading global biopharmaceutical company dedicated to the research, development and commercialisation of innovative pharmaceutical and biotechnology products in the fields of central nervous system disorders, allergy/respiratory diseases, immune and inflammatory disorders and oncology - UCB focuses on securing a leading position in severe disease categories. Employing more than 8,400 people in over 40 countries, UCB achieved revenue of 2.5 billion euro in 2006. UCB is listed on the Euronext Brussels Exchange and owns 87.6% of Schwarz Pharma.

Source: UCB

Engineering News Archive

 
// CAREER RESOURCES

Applicant Procedures
Job Seekers
Resume Help
Professional Organizations
Engineering Career Information
Engineering Colleges

// WHAT WE DO
Recruiters for
Professionals in the Chemical
& Pharmaceutical Industries
We recruit exclusively for Engineers and Operations/Maintenance Management Personnel in the following areas:
Specialty chemicals
Bulk chemicals
Commodity Chemicals
Petrochemicals
Fine chemicals
Agrochemicals
Industrial gases
Surfactants
Fertilizers
Solvents
Coatings
Polymers
Pharmaceuticals
Refinery
Career Center | FAQs | Privacy
SESI Corporate Headquarters (954)755-3121 ext 109
© Search Enterprises, Inc. All rights reserved.
Industry News Career Center FAQs Submit a Job About Search Enterprises Submit a Resume Candidates Job Opportunities Search Enterprises Home