ICI Agrees to Delay Sale of Stake in Venture to Huntsman Corp.
LONDON - ICI plc has agreed to delay the sale of its 30% stake in the Huntsman International joint venture until 2003 due to financing problems encountered by venture partner Huntsman Corp.
ICI in October exercised an option to sell its stake in Huntsman International to U.S.-based Huntsman. A year ago, ICI said it would sell its stake for about $365 million.