24.04.2012

Building the New Solvay: a Value Creative Transformation

Seven months after the acquisition of Rhodia, Solvay today presented the group's strategic vision focused on value creation and its profitability ambition for 2016. more16.03.2010

Reliance Out of Race for Canada Firm

Indian energy major Reliance Industries is out of the race for Value Creation after the Canadian firm sold a majority stake in an oil sands property to BP, a source with direct knowledge told Reuters. more15.02.2010

BP In Talks Over $1.2 Billion Canadian Oil Sands Deal

British oil major BP is in talks to pay about $1.2 billion for a majority stake in a privately held Canadian company with large reserves of oil-rich sand deposits, the Sunday Times reported. A deal to take a stake in Value Creation could anger environmentalists and some BP shareholders who fiercely oppose the oil sands business, which they say is expensive and environmentally damaging, the paper said. Value Creation is in financial trouble and faces being put into receivership on Monday, it reported. BP declined to comment. more