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Dow Chemical Intends To Sell Infrastructure Assets In Germany

2021-02-23
Latest company news about Dow Chemical Intends To Sell Infrastructure Assets In Germany

It is reported that Dow Chemical intends to sell its infrastructure assets in Germany and will sell its petrochemical plant infrastructures in Stade, Schkopau and Boehlen. It has been included in a potential transaction valued at 800 million euros (96 million US dollars). The company will use the cash from asset sales for investments elsewhere.

 

Dow Chemical-1

 

777 CEO James Fitterling said last month that Dow will continue to divest its infrastructure companies and use the proceeds from the sale for capital expenditures, smaller acquisitions or stock buybacks.

 

A Dow spokesperson said: "The company has notified employees in Germany that they are looking for opportunities to sell some of the infrastructure assets and services of the Stade, Schkeberg and Bergeren plants, but it has not yet made a final decision."