Johnson Matthey Plc (“JM” or the “Group”) is pleased to announce that it has reached an agreement to sell its Catalyst Technologies business (“CT”) to Honeywell International, Inc. (“Honeywell”) at an enterprise value of £1,800m on a cash and debt-free basis (the “Transaction”). The Transaction is expected to deliver net sale proceeds of c.£1.6bn to the Group, subject to customary closing adjustments. Following the sale of CT, JM will be repositioned as a highly streamlined group focused…
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