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Second step in divestment of Performance Materials, with the purchase price in the low triple-digit million euro range.
March 5, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
Evonik is selling its superabsorbents business to International Chemical Investors Group (ICIG). The purchase price is in the low triple-digit million euro range, and includes the assumption of pension obligations by ICIG. The final transfer of the business is planned for mid-2024 following approval by the relevant competition authorities. “In terms of its profile, the superabsorbents business no longer fits our character as a specialty chemicals company,” said Christian Kullmann,...
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