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Huntsman sold its stake in its titanium dioxide and performance additive business for $100 million.

 Last Update: 2020-10-03
 Source: Internet
 Author: User

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On August 28th Huntsman, a US specialty chemicals company, announced that it had reached a final agreement with SK Capital Partners, a private equity firm, to sell its stake in Ventor Materials for about $100m in cash. The deal is subject to regulatory approval and is expected to close by the end of the year.
he said the capital loss from the sale of Ventor's shares offset capital gains from the sale of its chemical intermediates and surfactant business in January, resulting in tax savings of about $150 million . Huntsman expects the company to earn about $250 million in total cash earnings by the end of the year.
, Venator Materials, formerly the Huntsman Pigments and Additives Division, operated as an independent subsidiary after the spin-off, focusing on titanium dioxide and performance additives.
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