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Chemical Week Magazine :: Business & Finance :: United States/Americas
Rockwood completes ceramics sale, raises dividend
6:20 AM MDT | September 6, 2013 | —Lindsay Frost and Vincent Valk
Rockwood announced on 4 September that is had completed the sale of its advanced ceramic business CeramTec (Plochingen, Germany) to Cinven, a European private equity firm, for €1.49 billion ($1.96 billion). After all transaction adjustments, fees, and taxes, Rockwood received $1.75 billion in cash for the business....
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