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Clariant AG / Clariant AG: Clariant divests its Energy Storage Business
to Johnson Matthey . Processed and transmitted by Nasdaq OMX Corporate
Solutions. The issuer is solely responsible for the content of this
announcement.

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Plus500: Beachten Sie bitte die Hinweise5 zu dieser Werbung. Divestment of Clariant's Business Line Energy Storage part of on-going
portfolio management strategy
Total consideration of USD 75 million
Muttenz, October 29, 2014 - Clariant, a world leader in specialty
chemicals, has agreed to divest its Business Line Energy Storage to
Johnson Matthey Plc. The total consideration of the sale amounts to USD
75 million at closing which is expected early 2015.
The Energy Storage business of Clariant is the largest hydrothermal
Lithium Iron Phosphate (LFP) producer in the world. The lithium ion
cathode material is used in electric vehicles and stationary battery
applications. In 2013 the Energy Storage business generated around CHF
16 million in sales. The business employs around 100 employees
predominantly in Canada and Germany.
"The divestment of the Energy Storage business with its LFP technology
is part of our focused portfolio management and reallocating capital
towards our core areas Care Chemicals, Catalysis and Energy, Natural
Resources, and Plastics and Coatings," said Hariolf Kottmann, CEO of
Clariant.
Robert MacLeod, Chief Executive of Johnson Matthey said: "This
acquisition provides us with a strong position in LFP from which to
develop a broad portfolio of battery materials. It further strengthens
our battery technologies capability which marks an important step in
Johnson Matthey's long term strategy to establish new business areas."
Media Release Energy Storage D:
http://hugin.info/100166/R/1866613/655714.pdf
Media Release Energy Storage E:
http://hugin.info/100166/R/1866613/655713.pdf
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Clariant AG via Globenewswire
HUG#1866613
--- End of Message ---
Clariant AG
Rothausstrasse 61 Muttenz 1 Switzerland
ISIN: CH0012142631;
http://www.clariant.com
(END) Dow Jones Newswires
October 29, 2014 02:00 ET (06:00 GMT)- - 02 00 AM EDT 10-29-14
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