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Henkel Announces Sale of Cognis; Third Quarter Results

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By: TOM BRANNA

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Henkel, Dusseldorf, Germany, confirmed the sale of its chemicals business, Cognis. On Sept. 12, Henkel signed an agreement to sell Cognis to the investor consortium comprising Permira (formerly Schroder Ventures Europe), GS Capital Partners and Schroder Ventures Life Sciences. Henkel granted the investors a withdrawal up to Nov. 11, due to tragic events in the U.S. and the ensuing turmoil in world financial markets. The investors have decided not to exercise this right to withdraw. The deal is n...

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