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Joint venture now involved with private equity investment firm.
July 3, 2014
By: Melissa Meisel
Clariant and Ashland Inc. reported the closing of the previously announced sale of their joint venture ASK Chemicals, headquartered in Hilden, Germany, to investment funds affiliated with Rhône, a London and New York-based private equity investment firm on June 30, 2014. The enterprise value of the transaction before debt and assumed liabilities amounts to $357 million (CHF 310 million and EUR 257 million. Proceeds will be split evenly between Ashland and Clariant under terms of the 50/50 jo...
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