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Home  > Markets & companies  > Raw materials market  > Clariant to divest its emulsions and other...

Friday, 20 September 2019
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Markets & companies, Raw materials market

Clariant to divest its emulsions and other businesses to SK Capital

Wednesday, 2 January 2013

The total consideration of the sale amounts to approximately CHF 502 million (CHF 1 = EUR 0.83).

Clariant, a world leader in specialty chemicals, has signed an agreement to divest its Textile Chemicals, Paper Specialties and Emulsions businesses to SK Capital. The total consideration of the sale amounts to approximately CHF 502 million (CHF 1 = EUR 0.83), out of which approximately 460 million in cash, equivalent to 6.3 times the estimated full year 2012 recurring EBITDA of those businesses. The divestment has been approved by the Boards of both companies. Subject to regulatory approvals, the transaction is expected to close by the end of the second quarter of 2013.

Clariant has announced in early 2012 to look for strategic options for the Business Units Textile Chemicals, Paper Specialties and the Business Line Emulsions until year-end 2013. Source: Konstantin Gastmann/Pixelio.de
Clariant has announced in early 2012 to look for strategic options for the Business Units Textile Chemicals, Paper Specialties and the Business Lin...
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