Celanese to Sell Additional Shares of Nutrinova Joint Venture to Mitsui & Co., Ltd.
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced it has signed a definitive agreement with Mitsui & Co., Ltd., to sell an additional 19% of the Nutrinova food ingredients business to Mitsui in a transaction with total cash proceeds of approximately $152 million. The transaction represents an attractive realization of value for Celanese, monetizing an ownership interest that represented approximately $4 million of equity earnings in 2025. This transaction contributes to Celanese’s deleveraging plans, while also allowing the Company to retain an 11% interest in the JV, enabling it to continue participating in a leading food ingredients business. The transaction is expected to close in the fourth quarter of this year.
“We are pleased to have monetized an additional 19% of the Nutrinova joint venture and taken another step towards our goal of achieving $1 billion in divestiture proceeds by the end of 2027. Transaction proceeds will immediately work to reduce our net debt as part of our deleveraging plan, and we intend to use them to pay down upcoming debt maturities,” said Scott Richardson, President and Chief Executive Officer.
