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Degussa Divests Third Business This Year

Degussa’s plan to divest themselves of any non-core business is progressing well with a memorandum of understanding having been signed by Swiss Ameropa Holding AG and Agrofert Holding a.s. to purchase Degussa’s SKW Piesteritz-Group.

The two purchasers have set up a 50:50 joint venture and will initially acquire a 51% share in SKW Piesteritz-Group. From there they will take over the management of the business.

This divestment represent s the third such transaction this year by Degussa and follows their corporate strategy to concentrate on specialty chemicals.

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