Zhongxin Wanfeng sells catalyst technology division to Honeywell for £1.325 billion

2026-02-23 14:30:20

Investing.com - Zhuang Xinwanfeng stated in a release on Monday that it has agreed to sell its catalyst technology division to Honeywell for a enterprise value of £1.325 billion (based on a cash and debt-free basis).

The UK chemical company plans to return £1 billion of the net proceeds from the sale to shareholders.

This includes returning £800 million through special dividends and share consolidation, as well as returning £200 million through an on-market share buyback program.

The transaction is expected to be completed by the end of August.

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