Total Fina Elf.
30 April 2002
Total Fina Elf S.A. ATOFINA
Fax: 33 (1) 47 44 68 21 Fax: 33 (1) 49 00 80 50
Catherine ENCK Catherine FERRANT
Tel: 33(1) 47 44 37 76 Tel: 33 (1) 49 00 80 04
Thomas FELL Giles GALINIER
Tel: 33 (1) 47 44 4757 Tel: 33 (1) 49 00 70 07
Capital 7 087 201 730 euros www.atofina.com
542 051 180 R.C.S Nanterre
www.totalfinaelf.com
TotalFinaElf to sell its Fluorinated Telomers Business to DuPont
Paris, April 30, 2002 - Atofina, the Chemicals branch of the TotalFinaElf Group
recently concluded an agreement in principle with DuPont for the sale of its
Fluorinated Telomers business.
This activity entails the production and sale of specialty fluorochemicals
marketed under the trade names Foraperle(R) and Forafac(R).
These products are used to manufacture oil, grease and water repellents, as well
as high performance surface protection solutions. Production is based at a plant
within the Villers-St-Paul facilities in France.
This divestiture should strengthen the development prospects of an activity
which offers few synergies with the chemical branch Atofina's other activities,
and in which its market share is a marginal one. This decision is in line with
Atofina's ongoing strategy to refocus its portfolio of chemical activities.
The conclusion of this agreement is subject to the workers council information
and consultation procedures, and to the approval of the relevant authorities.
This information is provided by RNS
The company news service from the London Stock Exchange
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