ICI shares rise after Azko sale

Takeover speculation surrounding chemicals giant ICI was fuelled today by a major fund-raising deal involving a potential suitor.

ICI shares rise after Azko sale
Mon, 12 Mar, 2007 - 10:36

Takeover speculation surrounding chemicals giant ICI was fuelled today by a major fund-raising deal involving a potential suitor.

Shares in the Dulux paints maker surged 6% after Netherlands-based Akzo Nobel said it had agreed to sell its pharmaceuticals unit Organon BioSciences to Schering-Plough for €1bn.

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CourtsBusinessHeathrowPlace: NetherlandsPlace: Schering-PloughOrganisation: ICIOrganisation: AzkoOrganisation: Akzo NobelOrganisation: Organon BioSciences
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