ALB · 8-K · 20260805PR000101
Acquisition / Partnership / Divestiture
ALBEMARLE CORP · 2026-08-05 · Importance 65 · Surprise 60 · In source text
On March 2, 2026, Albemarle sold a controlling stake in Ketjen’s refining catalyst solutions business, causing the remaining refining catalyst earnings to be classified as equity income in Corporate. During the first quarter, the company also divested its controlling ownership interest in Refining Solutions and its full 50% ownership interest in the Eurecat joint venture. These transactions generated $525.2 million of net cash proceeds in the first half and a $52.7 million net loss on sale. Post-transaction adjusted EBITDA and equity-income contributions from the retained Ketjen and Performance Catalyst Solutions businesses are expected to be immaterial.
Key facts
- The company sold a 51% stake in Ketjen’s refining catalyst solutions business on March 2, 2026 source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | negative | realized | — | The company sold a 51% stake in Ketjen’s refining catalyst solutions business on March 2, 2026 |