Celanese Sells Additional 19% of Nutrinova to Mitsui for $152M
CE sits 29% above its 52-week low of $35.13.
Summary
Celanese is selling another 19% of its Nutrinova food ingredients JV to Mitsui for about $152 million in cash, cutting its stake to 11%. The deal supports the company's deleveraging plan and its goal of $1 billion in divestiture proceeds by end-2027. Celanese will temporarily operate a diketene production facility for Nutrinova, with all costs covered by the buyer. The transaction is expected to close in Q4 2026, subject to customary conditions.
At the time of this announcement, CE was trading at $45.48 on NYSE in the Manufacturing sector, with a market capitalization of approximately $5B. The 52-week trading range was $35.13 to $70.70. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: BusinessWire.