Clariant, Kilfrost to end acquisition agreement

5:25 AM, 13th June 2016

Clariant, Kilfrost to end acquisition agreement

Clariant International headquarters building in Muttenz, Switzerland. (File photo)

MUTTENZ, SWITZERLAND: Clariant International Ltd and Kilfrost Limited have decided to end their acquisition agreement relating to the sale and purchase of the European aircraft and rail deicing businesses of Kilfrost, which they entered on November 2015.

Both companies expected the proposed merger to result in benefits to shareholders, customers and other stakeholders but have agreed to withdraw from the proposed transaction due to commercial reasons and challenges in obtaining regulatory approval in the UK.

Clariant to acquire Kilfrost’s aircraft deicing business

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