Huntsman Sells Chemical Intermediates and Surfactants Business to Indorama Ventures for $2 Billion

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