Rockwood agrees to sell CeramTec to Cinven for 1.49 bln eur

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Rockwood Holdings said on Sunday it has entered into a definitive agreement to sell CeramTec, its Germany-based advanced ceramics business, to private equity firm Cinven for 1.49 billion euros.

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A statement issued in Frankfurt said Cinven had obtained fully committed financing for the transaction, which is expected to close in the third quarter of this year following regulatory approvals.

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