Login Register
About Us
Invite People

Share 4Engineers with your friends and help them get started!

Emails
Enter multiple email addresses by separating it with a comma.
Advanced Search
Back
4Engineers

Celanese completes divestiture of Micromax business to Element solutions

This article was originally posted on Chemical Engineering Online.
View article ->
Summary
Celanese Corp. has completed the divestiture of its Micromax business to Element Solutions Inc., receiving approximately $500 million in cash. The proceeds will be used to support Celanese’s deleveraging efforts.

What impact do you think this sale will have on Celanese’s strategy and balance sheet, and how might Element Solutions leverage the Micromax assets?

Celanese Corp. (Dallas, Tex.) announced that it has completed the divestiture of the Micromax® business to Element Solutions Inc. Celanese received approximately $500 million in cash from the transaction, and the proceeds will be deployed to support the Company’s deleveraging efforts.  “We are pleased to have completed the divestiture of the Micromax business in a […]

The post Celanese completes divestiture of Micromax business to Element solutions appeared first on Chemical Engineering.

Login to comment

Login

Related Conversations

Recent Conversations

Your Conversations

Report content
Reason Description