Transaction Details
Sudarshan Germany Horizons GmbH, a step-down wholly-owned subsidiary of Sudarshan Chemical Industries Limited, completed the sale of its 100% stake in VP4 Frankfurt GmbH to Celanese US Holdings LLC (Buyer). The transaction was executed for a consideration of EUR 75,800,000 (USD equivalent) pursuant to the Share Purchase and Transfer Agreement dated 31st August, 2026.
Key Dates
The definitive Share Purchase and Transfer Agreement was signed on 31st August, 2026. The transaction closed and the sale was completed on 2nd November, 2026, following the fulfilment of all condition precedents and customary closing conditions.
Corporate Structure Impact
Effective 2nd November, 2026, VP4 Frankfurt GmbH has ceased to be a step-down wholly-owned subsidiary of Sudarshan Chemical Industries Limited as a direct result of this transaction completion.