Clariant agrees to sell pigments business in $950 mln deal

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Clariant (CLN.S) has agreed to sell its pigments business to Heubach Group and SK Capital Partners in a deal which values the business at up to 855 million Swiss francs ($951.27 million), the Swiss chemicals maker said on Monday.

The logo of Swiss specialty chemicals company Clariant is seen at the company's headquarters in Pratteln, Switzerland August 9, 2017. REUTERS/Arnd Wiegmann/File Photohas agreed to sell its pigments business to Heubach Group and SK Capital Partners in a deal which values the business at up to 855 million Swiss francs , the Swiss chemicals maker said on Monday.

The deal represented an enterprise value of 805 to 855 million francs, depending on an earn-out payment based on the 2021 financial performance of the business which makes pigments and dyes used in the automotive, plastics and other industries. The sale is the final stage in the divestment and repositioning programme announced by Basel-based Clariant in July 2018, said Chief Executive Conrad Keijzer.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him GeorgeLinf32 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Future Of Small Business Lending: Fintech 50 2021Despite a trying year for small business, a slew of fintech companies thrived by offering credit to buzzy startups and mom-and-pops alike.
Source: Forbes - 🏆 394. / 53 Read more »

The Future Of Small Business Lending: Fintech 50 2021Despite a trying year for small business, a slew of fintech companies thrived by offering credit to buzzy startups and mom-and-pops alike. Make this delicious velvet cake without any Food Color. For full video please click the link which is given below 👇 Please like, share, comments and subscribe my channel🙏 Foodie, FoodNetwork, MondayMotivation
Source: Forbes - 🏆 394. / 53 Read more »