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PPG reaches agreement to divest ownership interest in Transitions Optical joint venture

( July 28, 2013, 23:00 GMT | Official Statement) -- MLex Summary: PPG Industries announced it has reached an agreement to divest its 51 percent interest in Transitions Optical to Essilor International, which currently holds a 49 percent interest in the venture. It is also selling its optical sunlens business Intercast. The deal is expected to close in the first half of 2014 and is subject to regulatory approvals.The full statement follows:...

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