PPG completes sale of silicas products business to QEMETICA
Portfolio Pulse from
PPG has completed the sale of its silicas products business to QEMETICA for approximately $310 million. This divestiture is part of PPG's strategy to focus on its core businesses.
November 25, 2024 | 3:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
PPG has sold its silicas products business to QEMETICA for $310 million, allowing PPG to focus on its core operations.
The sale of the silicas products business for $310 million provides PPG with significant capital, which can be reinvested into its core operations. This strategic move is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100