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Clariant May Divest Unit Within Six Months, Reuters Reports

Clariant AG (CLN), a Swiss maker of speciality chemicals, may sell one of three units within six months, Reuters reported, citing an unidentified person with knowledge of the plan.

Chief Executive Officer Hariolf Kottman said June 22 that the Basel-based company would sell three divisions within 18 months. Clariant is selling the units, which make ingredients for the paper, textile, emulsion and detergent industries, as margins have declined because of competition and rising energy costs.

To contact the reporter on this story: Patrick Winters in Zurich at pwinters3@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

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