Umicore will sell zinc chemicals unit to OpenGate Capital

摘要

Umicore has reached an agreement to sell its zinc chemicals businessto OpenGate Capital for ?142.2 million ($158.6 million), the companysaid on Wednesday June 1.The Belgian materials technology company said early in 2015 that itplanned to spin off the unit amid a drop in earnings before interest,tax, depreciation and amortisation (Ebitda).The transaction is expected to close in the second half of this year,but the terms of the deal were not made available.