July 1, 2020 / 5:08 AM / 7 days ago

BRIEF-Clariant Completes Sale Of Masterbatches Business To Polyone

July 1 (Reuters) - Clariant:

* CLARIANT COMPLETES THE SALE OF ITS MASTERBATCHES BUSINESS TO POLYONE FOR APPROX. USD 1.6 BILLION

* DIVESTMENT MARKS AN IMPORTANT MILESTONE FOR CLARIANT’S TRANSFORMATION INTO A FOCUSED SPECIALTY CHEMICALS COMPANY

* CLOSING SATISFIES CONDITION FOR EXTRAORDINARY DISTRIBUTION OF CHF 3.00 PER SHARE

* REMAINING PROCEEDS TO BE INVESTED IN CORE BUSINESSES AND TO STRENGTHEN BALANCE SHEET Source text for Eikon: Further company coverage: (Berlin Speed Desk)

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