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Ascot, the chemical engineering group, has accepted a £305m takeover bid from Dow Chemical of the US, and has also announced the sale of Nationwide Refrigeration Supplies to Wolseley for £22m. 30-Mar-2001 Ascot is to sell four engineering businesses - WDS, Flotform, Mitchell Cotts Transmissions and Peter Stubbs - to two management buy-out teams for a total of £46m, in order to focus on chemicals. 24-Oct-2000 Ascot is looking to spend up to £200m on the acquisition of fine chemicals companies over the next 18 months, while engineering and property assets worth up to £150m will be sold off. 21-Mar-2000 Ascot is to acquire Specified Fuels & Chemicals, the US speciality chemicals group, for £14m. 13-Mar-2000 Celltech Chiroscience is to sell its 70% stake in Chirotech Technology to Ascot for £59m. 30-Sep-1999 Ascot is acquiring Haltermann, the German provider of chemical processing services, for £90m. 09-Dec-1998 Ascot is acquiring a 30% stake in Chirotech Technology, the Chiroscience subsidiary, for £30m, in order to develop a partnership that can both develop and manufacture compounds for pharmaceutical companies. 11-Aug-1998 Ascot has sold Sagar Richards, the automotive gearbox components business, to Valeo of France for £8m. 15-Nov-1997 L Gardner has acquired Avon Transmission Services from Ascot Holdings for £2m. 04-Oct-1997 Ascot has sold Presto Engineers Cutting Tools to Kennametal of the US for £15m, and will use the proceeds to cut borrowings. 02-Oct-1997 Ascot Holdings is planning to focus on specialist engineering and chemicals, and is looking for acquisitions in the European refrigeration sector. 30-Sep-1997 Ascot Holdings is selling Clearplus France, its plastic motor components subsidiary, to Key Plastics of the US for £8.6m. 12-Aug-1997 Ascot Holdings has sold its South African subsidiary Refrigeration Investment to Danfoss of Denmark for £16.7m. 23-Jul-1997 Ascot Holdings is planning to sell four automotive companies in order to focus on specialist engineering and chemicals. 10-Apr-1997 Ascot Holdings is to focus on specialist engineering, and will therefore start disposing other businesses such as pubs and properties. 03-Dec-1996 Ascot Holdings, the pubs and hotels group, has agreed to buy Suter, the industrial conglomerate, for £276m, and will later to decide which of Suter's businesses to keep. 26-Jul-1996 Ascot Holdings is selling 251 pubs to Mayfair Taverns, a management buy-out team, for £29m. 28-Feb-1996 Ascot Holdings is selling its Spanish hotels business to Riu for £42m. 30-Jan-1996 Ascot Holdings plans to expand through acquisition and is to sell hotels in the UK and Spain over the next three years. 02-Dec-1995
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