Sudarshan Chemical Sells VP4 Frankfurt GmbH for EUR 76.5M

Sudarshan Chemical Industries Ltd. announced the execution of a Share Purchase and Transfer Agreement for 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 76,500,000, is expected to sharpen the company's focus on its core pigment business. VP4 Frankfurt, primarily a tolling operator for intermediates, contributed EUR 15,722,521 (6.71% standalone, 1.64% consolidated revenue) and had a net worth of EUR 5,670,674 as of March 31, 2026. The sale is subject to customary closing conditions and is not considered a related party transaction or part of a scheme of arrangement. The completion date is pending fulfillment of conditions precedent.