Chemicals firm
The sale, which is expected to be completed next year, is the final stage in the divestment and repositioning programme announced by Swiss-based
Following the announcement, shares in
The company has already divested its healthcare packaging and masterbatches business as it looks to raise profit margins and grow faster than its markets.
“Now our focus can fully be on growing revenue and profitability of our core business areas: Care Chemicals, Catalysis and Natural Resources,” said
In addition funding the reinvestment, proceeds will go into strengthening the firm’s balance sheet and boosting organic growth.
The post
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