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News

Clariant sells its stake in SF-Chem

Clariant (Schweiz) AG : 22 September, 2004  (Company News)
Clariant has sold its 25% stake in SF-Chem, based in Pratteln, Switzerland, to Capvis, a Swiss Private Equity company, and to the company management for CHF22 million.
Clariant has sold its 25% stake in SF-Chem, based in Pratteln, Switzerland, to Capvis, a Swiss Private Equity company, and to the company management for CHF22 million.
The Basel-based agrochemical company Syngenta, which owns the remaining 75% of SF-Chem, is also selling its stake to Capvis.
The SF-Chem transaction is part of Clariant's strategy to sell businesses that are outside its core activities. Last year the company began a far-reaching ‘transformation programme’ that includes selling several non-strategic businesses, cutting costs and making sustainable competitiveness improvements.
SF-Chem is a manufacturer of chemical intermediates for the pharmaceutical, agrochemical and speciality chemicals industries. It is based in Pratteln near Basel and employs around 360 people. Closing of the transaction is expected at the end of this month.
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