Discontinued Operations
On 3 January 2022, Clariant’s PigmentsPigmentsPigments are substances used for coloring; they are used in a technical manner, for example in the manufacture of dyes, varnishes, and plastics. In 2020, Clariant launched the divestment process of its Pigments business, which was completed on 3 January 2022. business was divested to a consortium comprising Heubach Group and SK Capital Partners.
As the PigmentsPigmentsPigments are substances used for coloring; they are used in a technical manner, for example in the manufacture of dyes, varnishes, and plastics. In 2020, Clariant launched the divestment process of its Pigments business, which was completed on 3 January 2022. business was sold on 3 January 2022, no sales were recorded in the full year 2022 compared to CHF 912 million in the previous year. The 2022 net result from discontinued operations was a gain in the amount of CHF 217 million, which mainly resulted from the PigmentsPigmentsPigments are substances used for coloring; they are used in a technical manner, for example in the manufacture of dyes, varnishes, and plastics. In 2020, Clariant launched the divestment process of its Pigments business, which was completed on 3 January 2022. divestment proceeds, compared to CHF 81 million in the previous year.
On 1 December 2022, Clariant and SK Capital / Heubach Group entered into an agreement that foresees a CHF 55 million payment to Clariant (due no later than 2029, therefore representing a discounted value of CHF 38 million) as a settlement of the final purchase price for the PigmentsPigmentsPigments are substances used for coloring; they are used in a technical manner, for example in the manufacture of dyes, varnishes, and plastics. In 2020, Clariant launched the divestment process of its Pigments business, which was completed on 3 January 2022. business. This agreement resulted in an increased gain on disposal after taxes in 2022 in the amount of CHF 210 million versus CHF 197 million recorded in the first half year 2022.