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· Chemical Engineering Online
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Celanese will sell an additional 19% stake in Nutrinova Netherlands B.V., its food ingredients joint venture, to Mitsui for about $152 million in cash, reducing Celanese’s ownership to 11% and further increasing Mitsui’s stake. Mitsui plans to integrate upstream production as part of the move.

How might Mitsui’s larger stake and upstream integration reshape Nutrinova’s product strategy, pricing, or supply chain resilience?

Celanese sells additional Nutrinova stake to Mitsui for $152 million; Mitsui integrates upstream production

This article was originally posted on Chemical Engineering.
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Celanese Corporation (Dallas, Texas) has signed a definitive agreement to sell an additional 19% stake in Nutrinova Netherlands B.V. (Amsterdam, the Netherlands), its food ingredients joint venture, to Mitsui & Co., Ltd. (Chiyoda-ku, Tokyo, Japan) for approximately $152 million in cash. The transaction will reduce Celanese’s ownership in Nutrinova to 11% while lifting Mitsui’s stake […]

The post Celanese sells additional Nutrinova stake to Mitsui for $152 million; Mitsui integrates upstream production appeared first on Chemical Engineering.

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