Celanese to Sell Another 19% of Nutrinova to Mitsui for $152 Million

Corporate Action
โดย Insider Monkey·USJP·Read original
Summary · why it matters

Celanese Corporation agreed to sell an additional 19% of the Nutrinova food-ingredients joint venture to Mitsui & Co., Ltd. for approximately $152 million in cash, a deal expected to close in the fourth quarter subject to customary conditions. The sale will cut Celanese's retained interest in Nutrinova from 30% to 11%, and the interest being sold generated roughly $4 million of equity earnings in 2025, meaning the consideration equals about 38 times that contribution. Proceeds will reduce debt, fund upcoming maturities, and count toward Celanese's goal of generating $1 billion from divestitures by the end of 2027; combined with the completed $500 million Micromax divestiture, the two announced deals total approximately $652 million, about 65% of that objective. Celanese ended 2025 with approximately $11.3 billion of company-defined non-GAAP net debt and targets about $10 billion by the end of 2026 and below $9 billion by the end of 2027, while aiming for $700 million to $800 million of company-defined non-GAAP free cash flow in 2026. Under the related diketene-facility arrangement, Nutrinova will cover the facility's full purchase price and ongoing operating costs, leaving Celanese with no funding obligation.

Impact on stocks 3

Critical Materials & Supply Chain▲ · 1 stocks
Celanese Corporation
CE
▲ PositiveCapitalrelevance

Celanese sells an additional 19% of Nutrinova to Mitsui for ~$152M, with proceeds reducing debt and advancing its $1B divestiture goal.

Energy Transition & Power Demand▲ · 1 stocks
Mitsui & Co.,Ltd
8031
▲ PositiveCapitalrelevance

Mitsui agrees to buy an additional 19% of the Nutrinova JV from Celanese for ~$152M.

Energy▲ · 1 stocks

Off-coverage companies 1

NutrinovaPrivate± Mixed
relevance

Nutrinova is the JV whose stake is being sold, but the article gives no standalone impact on Nutrinova itself.

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