ENRON BUYS ICI'S TEESSIDE UTILITIES.
Imperial Chemical Industries (ICI) has sold its utilities and services operation based at Teesside, North-East England, to US energy company Enron Corp. for GBP300 million (USD497.1 million). The sale is part of a plan to divest the group's industrial chemicals businesses in order to concentrate its portfolio on speciality products, coatings and materials. ICI's Teesside business supplies large industrial customers operating at the Wilton, Billingham and North Tees sites with natural...
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