Albemarle Wraps Up Controlling Stake Sale in Ketjen to KPS

Key Takeaways Albemarle sold a controlling stake in Ketjen to KPS, retaining a minority interest.ALB and its Eurecat JV divestment generated $670M in combined pre-tax proceeds.Albemarle will use proceeds to cut debt and support general corporate needs.Albemarle Corporation (ALB) has completed the divestment of a controlling stake in its Ketjen Corporation’s refining catalyst solutions business to affiliates of KPS Capital Partners, LP. It continues to hold a minority stake in Ketjen, while KPS will hold a m ...