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Clariant agrees to sell its masterbatch business for $1.6 billion

 Last Update: 2022-08-21
 Source: Internet
 Author: User

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2 6 lutidine

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Clariant sells all masterbatchbusiness to PolyOne

Clariant sells all color masterbatch business to PolyOne ( Clariant sells all color masterbatch business to PolyOne ( Clariantsells all color masterbatch business to PolyOne PolyOne ) )

The total enterprise value is approximately $ 1.
6 billion

The total enterprise value is approximately $ 1.
6 billion The total enterprise value is approximately $ 1.
6 billion The total enterprise value is approximately$100 million

Clariant's board of directors recommendsa special dividend of CHF 3.
00 per share , subject to approval by the annual general meeting and closing of the transaction

Clariant's Board of Directors recommends 3 per share Clariant's Board of Directors recommends 3per share Clariant 's Board of Directors recommends a special dividend of .
AGM approves and closes transaction Special dividend in Swiss francs, subject to AGM approval and closing

Shanghai, China/Moutenz, Switzerland, December 19, 2019 - Clariant, a dedicated and innovative specialty chemical company, has agreed to sell its entire color masterbatch business to PolyOne

"Clariant is on a path to focus on above-market growth, higher profitability and stronger cash generation

As previously communicated, Clariant intends that proceeds from the divestment of non-core businesses will be used to invest in innovation and technology applications in core business areas to strengthen Clariant's balance sheet and return capital to shareholders

Based on the divestiture of the Color Masterbatches business and the expected divestiture of the Pigments business at the end of 2020, Clariant's Board of Directors will recommend a special dividend of CHF 3.
00 per share at Clariant's Annual General Meeting on March 30, 2020

The deal with PolyOne consists of two separate parts

Separately, the board of Clariant Chemicals (India) Ltd.
approved the sale of Clariant’s color masterbatch business in India, valued at INR 4.
26 billion, or approximately $60 million, approximately the last twelve months of earnings (as of September 2019).
) at 17.
3 times EBITDA

Clariant Masterbatches provides color and additive concentrates as well as plastic performance solutions

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