IHS Chemical Week

Clariant India subsidiary to sell three businesses

11:12 AM MDT | March 28, 2013

Clariant Chemicals India (Mumbai) says its board of directors approved a proposal to divest its textile chemicals, paper specialties, and emulsion products businesses, for a consideration of 2.09 billion Indian rupees ($38.5 million). The decision follows parent company Clariant’s announcement last December to sell its textile chemicals, paper specialties, and emulsions businesses to private investment firm SK Capital, for 502 million Swiss francs ($526 million). The divestment of the three Clariant Chemicals India businesses includes a textile chemicals plant...

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