ESSEN (dpa-AFX) - Specialty chemicals group Evonik has found a buyer for its Lülsdorf site south of Cologne. The plant and the associated cyanuric chloride business in Wesseling will go to International Chemical Investors Group (ICIG), the MDax group announced in Essen on Thursday. The move had been planned for some time. A selling price was not disclosed. At the beginning of March, Evonik CEO Christian Kullmann had spoken of negotiations at an advanced stage when the company published its annual figures.

The transfer of the site to the Luxembourg-based company, which employed around 4,800 people last year, is reportedly planned for mid-2023; competition regulators and Evonik's relevant boards would still have to give their approval./mis/jha/