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Huntsman to sell stake in Venator Materials for $100 million

 Last Update: 2022-08-24
 Source: Internet
 Author: User

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On August 28, Huntsman, a U.
S.
specialty chemicals company, announced that it had reached a definitive agreement with private equity investment firm SK Capital Partners to sell its stake in Venator Materials for approximately $100 million in cash

Huntsman said the capital loss from the sale of Venator shares offset the capital gains it made on the sale of its chemical intermediates and surfactants business in January, saving Huntsman about $150 million in taxes

According to the data, Venator Materials was originally Huntsman Pigment and Additives Division.
After the spin-off, it operated as an independent subsidiary, mainly focusing on titanium dioxide and performance additives

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