Celanese Completes Sale of Additional 19% of Nutrinova JV to Mitsui & Co.
FROM THE WIRE · FINANCE.YAHOO.COM
DALLAS & FRANKFURT, Germany, November 12, 2026--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, today announced that it has completed the sale of an additional 19% of the Nutrinova food ingredients joint venture to Mitsui &…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishAn asset sale generating $152 million in cash that supports the company's deleveraging.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Celanese sold an additional 19% of the Nutrinova food ingredients joint venture to Mitsui & Co.
- 02The transaction generated $152 million in total cash proceeds.
- 03Proceeds will be used for continued deleveraging toward the target of $1 billion in divestitures by end-2027.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets