Chemical company DuPont De Nemours & Co. (DD) Friday announced that it has entered into a definitive agreement to divest majority of Mobility & Materials Segment to Celanese Corp. (CE) for $11.0 billion in cash.
The divesting business includes the Engineering Polymers business line and select product lines within the Performance Resins and Advanced Solutions business lines. Combined, these businesses generated net sales of approximately $3.5 billion and operating EBITDA of around $0.8 billion in 2021.
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