Clariant Sells Industrial Park Fechenheim in Strategic Move
Strategic Divestment by Clariant
Clariant, a renowned specialty chemical company with a commitment to sustainability, has recently made headlines by divesting its real estate asset known as the “Industrial Park Fechenheim.” This significant transaction, valued at EUR 95 million in cash, involves the sale of the property located in Frankfurt to the Lugman Group, a family office specializing in real estate investments.
Details of the Transaction
The agreement marks a strategic move for Clariant, which is determined to bolster its financial position and enhance its balance sheet. The industrial park, spanning approximately 428,000 square meters, has not been utilized for operational activities by Clariant. This sale is expected to be completed over the course of 2025, allowing for a seamless transition.
Financial Implications
Clariant anticipates a book gain of around CHF 70 million from this transaction, which will be recorded as an exceptional item in the company's EBITDA at the time of closure. This profit underscores the company’s ability to capitalize on its assets effectively. The cash proceeds from the sale will be strategically utilized to reduce debt, demonstrating Clariant's dedication to maintaining a strong investment-grade credit rating.
Commitment to Sustainability
Clariant is well known for its focus on sustainability, and this divestment aligns with its broader strategy to innovate and create solutions that positively impact the environment. The company actively works on connecting customer focus with innovation to foster ecological balance across various industries.
Clariant’s Business Overview
As of the end of 2023, Clariant boasted a workforce of over 10,000 employees and reported impressive sales figures amounting to CHF 4.377 billion. Operations are managed through three main business units: Care Chemicals, Catalysts, and Adsorbents & Additives. This diversified approach allows Clariant to address various market needs while emphasizing sustainability.
Future Outlook
The strategic sale of the Industrial Park Fechenheim not only strengthens Clariant's financial framework but also reflects its adaptive strategy in a competitive market. By prioritizing resource optimization and focusing on core business areas, Clariant is set on a path of continuous growth and innovation.
Contact Information for Investors
For inquiries related to corporate or investor relations, Clariant's dedicated team can be reached:
Corporate Media Relations
Jochen Dubiel | Phone: +41 61 469 63 63 | Email: jochen.dubiel@clariant.com
Ellese Caruana | Phone: +41 61 469 63 63 | Email: ellese.caruana@clariant.com
Luca Lavina | Phone: +41 61 469 63 63 | Email: luca.lavina@clariant.com
Investor Relations
Andreas Schwarzwälder | Phone: +41 61 469 63 73 | Email: andreas.schwarzwaelder@clariant.com
Thijs Bouwens | Phone: +41 61 469 63 73 | Email: thijs.bouwens@clariant.com
Frequently Asked Questions
What is the Industrial Park Fechenheim?
The Industrial Park Fechenheim is a real estate property in Frankfurt, previously owned by Clariant, covering about 428,000 square meters.
Who is purchasing the Industrial Park Fechenheim?
The property is being sold to the Lugman Group, a family office based in Frankfurt that specializes in real estate investments.
What are Clariant's plans for the proceeds from this sale?
Clariant plans to use the cash proceeds to reduce its debt and to strengthen its balance sheet, ensuring a strong financial position moving forward.
How does this sale fit into Clariant’s sustainability goals?
The divestment of non-operational properties aligns with Clariant's commitment to operational efficiency and sustainability, allowing them to focus resources on core business areas.
How can I contact Clariant for more information?
For corporate or investor relations inquiries, Clariant provides contact details for key representatives on their official website.
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