Clariant, a sustainability-focused specialty chemical company announced that due to the execution of certain pre-emption rights by the City of Frankfurt, the Lugman Group has executed its right of withdrawal from the transaction to purchase the real estate property “Industrial Park Fechenheim” as announced on 17 September 2024.

As previously communicated, the transaction was expected to result in proceeds of EUR 95 million in cash and a book gain of around CHF 70 million in the company’s EBITDA in 2025.

Clariant remains committed to divest the “Industrial Park Fechenheim” as the company has no operational activities in the industrial park. The park is located east of Frankfurt am Main and covers approximately 428 000 square meters.