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Clariant announces the divestment of its business in Venezuela
Globenewswire· 2025-12-19 06:00
Core Points - Clariant has divested its business in Venezuela, selling Clariant Venezuela S.A. for approximately USD 1.8 million (CHF 1.4 million) to CMV Química, C.A. as part of its footprint optimization strategy [1] - In 2024, Clariant's operations in Venezuela generated sales of around CHF 3 million and employed about 60 people [1] - Following the divestment, a cumulative translation adjustment (CTA) of approximately CHF 236 million will be recycled through the income statement, impacting reported net profit and earnings per share for 2025, but will not affect cash flow or profitability guidance [2] Company Overview - Clariant is a sustainability-focused specialty chemical company, with a total staff of 10,465 and recorded sales of CHF 4.152 billion in the fiscal year for its continuing businesses as of December 31, 2024 [6] - The company operates through three business units: Care Chemicals, Catalysts, and Adsorbents & Additives [6]