Lugman Group withdraws from purchase of “Industrial Park Fechenheim”
February 04 2025 - 1:00AM
UK Regulatory
Lugman Group withdraws from purchase of “Industrial Park
Fechenheim”
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR
MUTTENZ, 4 FEBRUARY 2025
Clariant, a sustainability-focused specialty
chemical company, today announced that due to the execution of
certain pre-emption rights by the City of Frankfurt, the Lugman
Group has executed its right of withdrawal from the transaction to
purchase the real estate property “Industrial Park Fechenheim” as
announced on 17 September 2024.
As previously communicated, the transaction was
expected to result in proceeds of EUR 95 million in cash
and a book gain of around CHF 70 million in the company’s
EBITDA in 2025.
Clariant remains committed to divest the
“Industrial Park Fechenheim” as the company has no operational
activities in the industrial park. The park is located east of
Frankfurt am Main and covers approximately 428 000 square
meters.
CORPORATE MEDIA RELATIONS
Jochen Dubiel
Phone +41 61 469 63 63
jochen.dubiel@clariant.com
Ellese Caruana
Phone +41 61 469 63 63
ellese.caruana@clariant.com
Luca Lavina
Phone +41 61 469 63 63
luca.lavina@clariant.com
Follow us on X, Facebook, LinkedIn, Instagram. |
INVESTOR RELATIONS
Andreas Schwarzwälder
Phone +41 61 469 63 73
andreas.schwarzwaelder@clariant.com
Thijs Bouwens
Phone +41 61 469 63 73
thijs.bouwens@clariant.com
|
This media release contains certain statements that are neither
reported financial results nor other historical information. This
document also includes forward-looking statements. Because these
forward-looking statements are subject to risks and uncertainties,
actual future results may differ materially from those expressed in
or implied by the statements. Many of these risks and uncertainties
relate to factors that are beyond Clariant’s ability to control or
estimate precisely, such as future market conditions, currency
fluctuations, the behavior of other market participants, the
actions of governmental regulators and other risk factors such as:
the timing and strength of new product offerings; pricing
strategies of competitors; the company’s ability to continue to
receive adequate products from its vendors on acceptable terms, or
at all, and to continue to obtain sufficient financing to meet its
liquidity needs; and changes in the political, social and
regulatory framework in which the Company operates or in economic
or technological trends or conditions, including currency
fluctuations, inflation and consumer confidence, on a global,
regional or national basis. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date of this document. Clariant does not undertake
any obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date of these materials.
www.clariant.com
Clariant is a focused specialty chemical company led by the
overarching purpose of ‘Greater chemistry – between people and
planet’. By connecting customer focus, innovation, and people the
company creates solutions to foster sustainability in different
industries. On 31 December 2023, Clariant totaled a staff number of
10 481 and recorded sales of CHF 4.377 billion in the fiscal year
for its continuing businesses. As of January 2023, the Group
conducts its business through the three Business Units Care
Chemicals, Catalysts, and Adsorbents & Additives. Clariant is
based in Switzerland. |
- Clariant Media Release_Clariant divestment Fechenheim
withdrawal_20250204_EN
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