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Evonik sells site to ICIG

Evonik has agreed to sell its site at Niederkassel-Lülsdorf, Germany, and the associated cyanuric chloride business at Wesseling to International Chemical Investors Group (ICIG). Terms were not disclosed and the deal is scheduled to close in mid-2023, subject to regulatory clearance and approval by the competent Evonik committees. The businesses being divested had sales of around €260 million in 2022.

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