ICI to float Eutech by 2000

Chemicals group ICI is to float its engineering consultancy Eutech Engineering Solutions on the stock market within the next two years, to focus on speciality chemicals and paints. The consultancy is likely to be valued at £70 £80m, and recorded pre-tax profits of £2.9m last year on turnover of £44m.

Chemicals group ICI is to float its engineering consultancy Eutech Engineering Solutions on the stock market within the next two years, to focus on speciality chemicals and paints.

The consultancy is likely to be valued at £70 £80m, and recorded pre-tax profits of £2.9m last year on turnover of £44m.