8 Jul 2010

Nuplex denies chemical unit sale talks report

8:30 am on 8 July 2010

Resins and chemical manufacturer Nuplex Industries has denied a report it has been in talks with Orica to sell its chemicals trading unit.

The company says it is not involved in discussions with Sydney-based Orica on combining or merging chemical trading platforms.

At one stage, Nuplex stock rose more than 5% before paring back gains after the company responded to the report in one of Australia's newspapers.