DuPont Announces Agreement to Divest Majority of Mobility & Materials Segment to Celanese

– – • To maximize shareholder value, DuPont will execute the previously announced M&M divestiture in two transactions; including greater than 80% to be divested to Celanese – • Definitive agreement with Celanese to divest the Engineering Polymers business line and select product lines within the Performance Resins and Advanced Solutions business lines representing approximately $3.5 billion of net sales and $0.8 billion in operating EBITDA (1)  in 2021.  Gross cash proceeds of $11.0 bill…

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Source: webwire.com
DuPont Announces Agreement to Divest Majority of Mobility & Materials Segment to Celanese