Mitsui to acquire 70% of Celanese Food Ingredients in Nutrinova joint venture

Celanese and Mitsui & Co. signed a definitive agreement to form Nutrinova, a food ingredients joint venture. Mitsui will acquire a 70 percent stake for $472.5 million, while Celanese keeps 30 percent. Closing is expected in the second half of 2023, pending regulatory approvals.

“Mitsui will acquire the remaining 70 percent stake at a purchase price of $472.5 million, representing an enterprise valuation of approximately 15 times 2022 EBITDA.”celanese.com

• 1 source
• celanese.comCelanese and Mitsui Sign Definitive Agreement to Form Nutrinova, a Food Ingredients Joint VentureJun 22, 2023

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