Nouryon separate base chemicals business Nobian

7:39 AM, 10th May 2021
In the global high-solids coatings segment, USA, Canada, Japan, China and Europe will drive the 4.9 percent CAGR estimated for the global green coatings segment. (Representative Image © Unsplash)
AMSTERDAM, NETHERLANDS: Nouryon announced its intention to spin-out its base chemicals business, Nobian, into a separate company that will remain under the ownership of Nouryon's equity owners, The Carlyle Group and GIC. The separation is expected to be completed by early Q3.
Nouryon intends to reduce its own debt with proceeds received from a planned external financing by Nobian.
When completed, the transaction will result in two separate companies, each well positioned for growth in their respective focus areas:

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