Clariant has completed the sale of its entire Masterbatches business to PolyOne. The enterprise value of the sale, which consists of separate transactions for Clariant’s global Masterbatches business and its Masterbatches business in India, amounts to approximately USD 1,560 million.
Clariant will now proceed as soon as practicable with an extraordinary cash distribution of CHF 3.00 per share to its shareholders as a consequence of the completed divestment of the Masterbatches business, as well as the anticipated divestment of the Pigments business.
Clariant’s Board of Directors has set the ex-date to 6 July 2020, the record date to 7 July 2020, and the payment date of the extraordinary distribution will be 8 July 2020. The remaining net proceeds from the intended divestments will be used to invest in innovations and technological applications within the core Business Areas and to strengthen Clariant’s balance sheet.
