Mitsui & Co. has agreed to buy an added 19% stake in Nutrinova Netherlands from Celanese Corporation, a move that will increase Mitsui's ownership of the business to 89%.
The purchase price is approximately $152 million in cash, Celanese announced Monday. Following the transaction, Celanese's holding in Nutrinova will fall to a minority position.
Mitsui indicated that, after completing this acquisition, it will treat Nutrinova as a consolidated subsidiary. The company first invested in Nutrinova in 2023 and is now deepening its ownership.
Context and implications
The transaction represents a further transfer of economic and voting control at Nutrinova toward Mitsui. With an 89% stake, Mitsui will hold a clear controlling interest and will consolidate Nutrinova's financial results into its own accounts once the deal is closed and applicable consolidation criteria are met.
Celanese's remaining position will be classified as a minority interest after the sale. The announcement specified the cash consideration amount but did not include additional details about timing, regulatory approvals, or any adjustments to the purchase price.
Summary of known facts
- Mitsui & Co. will acquire an additional 19% stake in Nutrinova Netherlands from Celanese Corporation.
- The transaction value is approximately $152 million in cash.
- After the purchase, Mitsui's total ownership in Nutrinova will be 89%.
- Celanese's remaining stake will be a minority holding following completion of the deal.
- Mitsui plans to make Nutrinova a consolidated subsidiary; Mitsui first invested in Nutrinova in 2023.
What remains unspecified
The announcement did not provide a timeline for closing, details on any regulatory clearances required, or terms governing the remaining minority interest Celanese will hold. Those items were not included in the notice and therefore are not reflected here.