Celanese Completes Sale of Nutrinova Joint Venture Shares to Mitsui & Co., Ltd.
Business Wire•12/11/2026•16:00 ET
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Key Highlights
- ➤Celanese receives $152 million from selling an additional 19% Nutrinova stake
- ➤Celanese retains an 11% Nutrinova interest after completing the transaction
- ➤Proceeds will support Celanese’s continuing deleveraging efforts
- ➤Celanese targets $1 billion in divestiture proceeds by end-2027
Expert Statements
Scott Richardson, President and Chief Executive Officer of Celanese
“Monetizing a portion of our ownership in the Nutrinova joint venture has enabled us to take another meaningful step on our way to achieving our target of one billion dollars of divestiture proceeds by the end of 2027”
Scott Richardson, President and Chief Executive Officer of Celanese
“This transaction has been value accretive for us and we plan to use cash proceeds for continuing deleveraging.”
Celanese Completes Sale of Nutrinova Joint Venture Shares to Mitsui & Co., Ltd.
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 & Co., Ltd. in a transaction with total cash proceeds of $152 million.
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