Du är här

2014-05-01

Clariant AG: Clariant closes sale of Leather Services business

s business.
Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is
solely responsible for the content of this announcement.
Muttenz, May 1, 2014 - Clariant, a world leader in specialty chemicals, today
announced the closing of the sale of its Leather Services business to Stahl
Holdings B.V. as of April 30, 2014.

Stahl, majority owned by Wendel Group, is a Dutch company providing
high-quality chemicals, dyes and coatings for leather and other applications.
The combination of both businesses has created a global leader in leather
chemicals with a higher growth profile than the standalone entities and with
significant synergy potential.

As announced on October 30, 2013, Clariant has received a cash consideration
and a 23% stake in Stahl for the sale of its Leather Services business. The
minority shareholding will allow Clariant to participate in the upside
potential of the enlarged Stahl. Wendel remains the principal shareholder of
Stahl with approximately 70% of Stahl's capital.

The closing of the Leather Services transaction marks the last major step in
the repositioning of Clariant's portfolio. The company has already divested
the Business Units Textile Chemicals, Paper Specialties and the Business Line
Emulsions on September 30, 2013, as well as the Detergents&Intermediates
business on January 6, 2014.

-----------------------------------------------------------------
|Corporate Media Relations Investor Relations |
|Kai Rolker Ulrich Steiner |
| |
| |
| |
|Phone +41 61 469 63 63 Phone +41 61 469 67 45 |
|kai.rolker@clariant.com ulrich.steiner@clariant.com |
|Stefanie Nehlsen Siegfried Schwirzer |
| |
| |
| |
|Phone +41 61 469 63 63 Phone +41 61 469 67 49 |
|stefanie.nehlsen@clariant.com siegfried.schwirzer@clariant.com |
-----------------------------------------------------------------
www.clariant.com

Clariant is a globally leading specialty chemicals company, based in Muttenz
near Basel/Switzerland. On December 31, 2013 the company employed a total
workforce of 18,099. In the financial year 2013, Clariant recorded sales of
CHF 6.076 billion for its continuing businesses. The company reports in four
business areas: Care Chemicals, Catalysis&Energy, Natural Resources, and
Plastics&Coatings. Clariant's corporate strategy is based on four pillars:
managing businesses for profitability, research&development and innovation,
growth in emerging markets, and repositioning of the portfolio.

Press release and photography can be downloaded from www.clariant.com or
www.PressReleaseFinder.com.

Press Release English
http://hugin.info/100166/R/1781782/609736.pdf

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Clariant AG via Globenewswire

HUG#1781782

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.