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Solvay to sell animal health business to American Home Products (AHP)

Solvay is selling all its animal health activities worldwide to American Home Products (AHP) for an estimated BFr 14 billion ($450 million). The sale should be completed by December 31st 1996, subject to the receipt of all necessary approvals and regulatory clearances. It marks Solvay's withdrawal from the animal health sector, and should generate a capital gain before tax of around $190 million.

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