Clariant Has Agreed To Sell Its Masterbatches Business For Approx. USD 1.6 Billion

19-Dec-19

Divestment of Clariant’s entire Masterbatches business to PolyOne
Total enterprise value of approx. USD 1.6 billion
Clariant董事会提出的每股3.00股CHF的非凡现金分配，但要获得AGM批准和交易结束

Muttenz, December 19, 2019 – Clariant, a focused and innovative specialty chemical company, has agreed to sell its entire Masterbatches business to PolyOne. The transaction values the Masterbatches business at USD 1,560 million, representing c. 12.2 times the last twelve months reported EBITDA (ending September 2019) on a cash and debt free basis. This amount is payable at closing, which is expected by Q3 2020.

“This announcement is a significant milestone on our path to focussing on businesses with above-market growth, higher profitability and stronger cash generation. After the successful divestment of Healthcare Packaging in October 2019 the agreement to sell Masterbatches is an important step in delivering on our strategy defined in 2015 to concentrate on our three core Business Areas Care Chemicals, Catalysis and Natural Resources”, said Hariolf Kottmann, Executive Chairman of Clariant. “As announced, we are confident that we will execute the remaining divestment of our Pigments business in 2020 in order to build the new, more focused and stronger Clariant by 2021,” he added.

正如先前传达的那样，克拉伦（Clariant）非核心业务的预期剥离的收益将用于投资于核心业务领域内的创新和技术应用，以加强克拉利特的资产负债表并将资本返还给股东。

As a consequence of the divestment of the Masterbatches business, as well as the anticipated divestment of the Pigments business by the end of 2020, Clariant’s Board of Directors is proposing an extraordinary cash distribution of CHF 3.00 per share to the Clariant Annual General Meeting to be held on March 30, 2020. Subject to a positive vote of Clariant’s shareholders, the extraordinary distribution of approx. CHF 1 billion will be paid out post the closing of the divestment of the Masterbatches business.

与PolyOne的交易包括两项单独的交易。全球万事集团业务以15亿美元的价值出售，代表c。过去十二个月的12.1倍报告EBITDA（截至2019年9月）。另外，销售印度的Clariant的MasterBatches业务已获得Clariant Chemicals Limited董事会的批准，价值为42.6亿印度卢比。6000万美元，代表c。过去十二个月的17.3倍报告EBITDA（截至2019年9月）。Clariant Chemicals（印度）有限公司在印度的证券交易所上市，持有51％控制股份的Clariant AG。两笔交易的结束均受到习惯结案条件和监管批准的约束。

Clariant的MasterBatches业务为塑料提供颜色和添加剂和性能解决方案。Clariant的MasterBatches有助于提高塑料产品，包装或纤维的最终用途的市场吸引力或最终用途。在2018财政年度，MasterBatches业务的总销售额约为11.81亿。