NEW YORK (Dec. 8)—Solutia Inc. continues to negotiate divesting its stakes in Advanced Elastomer Systems L.P. and Flexsys N.V./S.A. to its partners in the ventures—ExxonMobil Corp. for AES and Akzo Nobel N.V. for Flexsys —but Chairman and CEO John Hunter declined to specify a timetable during a recent analysts´ conference. "There is no place in our portfolio for AES or Flexsys. We are currently in discussions with our partners along those lines," Hunter told a Dec. 5 investors conference in New York. "Discussions are under way; we fully anticipate being out of these joint ventures," Hunter said. Hunter said the AES is highly saleable.
Solutia advancing AES, Flexsys exit plans
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