Technip Energies completes acquisition of Ecovyst’s catalysts business for $530mn
Ecovyst has divested its Advanced Materials & Catalysts segment to Technip Energies, generating $530mn in net proceeds and reducing debt while refocusing on strategic priorities.
| Countries | États-Unis |
|---|---|
| Companies | Ecovyst Inc., Technip Energies, Babst, Calland, Clements and Zomnir, P.C., Lazard, Ropes & Gray LLP |
| Sector | Carburants Alternatifs |
| Theme | Investissements & Transactions |
Ecovyst Inc., a US-based provider of sulphuric acid regeneration and ex-situ catalyst activation services, has completed the sale of its Advanced Materials & Catalysts segment to Technip Energies. The transaction, finalised in early January, generated approximately $530mn in net proceeds after taxes and transaction costs, enabling Ecovyst to significantly reduce its net debt leverage ratio to below 1.5x.
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