Huntsman Corporation Completes $2 Billion Divestment

Huntsman Corporation has announced the sale of its chemical intermediates and surfactants operations containing PO/MTBE to Indorama Ventures in a transaction valued at USD 2 billion, with a cash purchase price of approximately USD 1.93 billion. This includes estimated working capital adjustments to the purchase price and the transfer of approximately USD 76 million in unfunded pension and other post-employment benefit obligations. The final purchase price is subject to customary closing adjustments, with net cash proceeds expected to be slightly below USD 1.6 billion.