Divestment2 Nov 2026, 07:04 pm
Sudarshan Chemical Sells VP4 Frankfurt for EUR 75.8 Million
AI Summary
Sudarshan Chemical Industries Limited announced the completion of the sale of its 100% stake in VP4 Frankfurt GmbH, a step-down wholly-owned subsidiary, to Celanese US Holdings LLC. The transaction, valued at EUR 75,800,000, was finalized on November 2, 2026, following the fulfillment of closing conditions. This sale, initially agreed upon on September 1, 2026, means VP4 Frankfurt is no longer a subsidiary of Sudarshan Chemical Industries.
Key Highlights
- Sudarshan Chemical completed the sale of its subsidiary VP4 Frankfurt GmbH.
- The sale consideration amounts to EUR 75,800,000.
- The transaction was finalized on November 2, 2026.
- VP4 Frankfurt is no longer a step-down subsidiary of the company.
Price Impact
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