Henkel signs agreement for sale of Cognis
The definite purchase agreement was signed by the parties on September 12, 2001. Closing is planned for end of November 2001. Due to the current uncertain conditions in the financial markets arising from the tragic events in the United States, Henkel has granted to the investors the absolute right to withdraw from the contract within two months.The agreement is subject to customary closing conditions, including relevant regulatory approvals.The proceeds from the sale of Cognis will increase Henkel's debt capacity substantially and will be used for the further development of the core businesses.
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