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$11 billion! DuPont completes the sale of most of its Transportation & Materials division

 Last Update: 2022-11-25
 Source: Internet
 Author: User

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On November 1, DuPont announced that it had completed the divestiture
of most of its former Transportation & Materials division.
The business was sold to Celanese for $11 billion in cash
.

In February, DuPont announced an agreement with Celanese to divest most of its transportation and materials division to Celanese
.
The transaction includes selected products
from the Engineering Plastics business, Performance Resins and Advanced Solutions business.
These businesses had net sales of approximately $3.
5 billion and EBITDA of approximately $800 million in 2021
.

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