AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR
- Divestment is a final milestone in Clariant’s portfolio transformation
Clariant retains a 20 % stake in newly formed Group- Net cash inflow of approximately CHF 615 million from divestment at closing will be invested into growth within the core Business Areas, the ongoing transformation and further debt reduction
MUTTENZ,
Clariant’s net cash inflow after roll-over and initial debt adjustments, but before closing account adjustments, tax, transaction cost and a potential earn-out payment amounts to approximately
“The Pigments divestment concludes Clariant’s transformation into a high-value specialty chemical company, allows us to invest in profitable growth in our most attractive segments and to address the increasing demand for more sustainable products,” said
CORPORATE MEDIA RELATIONS Phone +41 61 469 63 63 jochen.dubiel@clariant.com Phone +41 61 469 63 63 anne.maier@clariant.com Phone +41 61 469 63 63 ellese.golder@clariant.com | INVESTOR RELATIONS Andreas Schwarzwälder Phone +41 61 469 63 73 andreas.schwarzwaelder@clariant.com Maria Ivek Phone +41 61 469 63 73 maria.ivek@clariant.com Phone +41 61 469 63 73 alexander.kamb@clariant.com |
Follow us on Twitter, Facebook, LinkedIn, Instagram. This media release contains certain statements that are neither reported financial results nor other historical information. This document also includes forward-looking statements. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors that are beyond Clariant’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors such as: the timing and strength of new product offerings; pricing strategies of competitors; the Company’s ability to continue to receive adequate products from its vendors on acceptable terms, or at all, and to continue to obtain sufficient financing to meet its liquidity needs; and changes in the political, social and regulatory framework in which the Company operates or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, on a global, regional or national basis. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. www.clariant.com |
Attachments
- Clariant Media Release Clariant completes sale of its Pigments business_20220103_EN
- Clariant Media Release Clariant completes sale of its Pigments business_20220103_DE
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