Celanese to sell Micromax portfolio to Element Solutions for ~$500M

Celanese Corp

Purchase price of approximately $500 million in cash, subject to adjustments; proceeds dedicated to deleveraging.
Business has current pro forma run-rate EBITDA of roughly $40 million for 2025.
Transaction expected to close in Q1 2026, subject to regulatory approvals and customary closing conditions.
Buyer is Element Solutions Inc (NYSE: ESI); the business enhances ESI's electronics segment.

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