Mitsui Buys 19% Stake

Celanese has agreed to sell an additional 19% stake in Nutrinova to Mitsui for $152 million. This transaction marks a significant expansion of Mitsui's ownership in Nutrinova, with the Japanese company now set to increase its stake in the business.

The sale is the latest development in Celanese's relationship with Nutrinova, with the US-based company currently owning at least 19% of the business. By selling this additional stake, Celanese is reducing its ownership in Nutrinova.

Mitsui is the buyer of the additional 19% stake, with the company paying $152 million to acquire the shares. This purchase underscores Mitsui's commitment to investing in Nutrinova and expanding its presence in the company.

## What it means The sale of the additional 19% stake in Nutrinova to Mitsui for $152 million has significant implications for both companies. For Celanese, the transaction represents an opportunity to realize value from its investment in Nutrinova. For Mitsui, the purchase marks a strategic expansion of its ownership in the business, potentially paving the way for further investment and collaboration.

The deal highlights the ongoing evolution of the relationship between Celanese and Nutrinova, with Mitsui now set to play an increasingly important role in the company's future. As the transaction is completed, attention will turn to the potential benefits and opportunities that this new ownership structure may bring to both parties.