Albemarle said it entered into a Stock Purchase Agreement to sell a portion of Ketjen's common stock to an affiliate of KPS and contribute the remainder to Holdco, and that at closing it will receive approximately $536 million in cash and own common units of Holdco representing an initial 49% interest on a fully-diluted and as-converted basis.

1. 01

   Albemarle said it entered into a Stock Purchase Agreement to sell a portion of Ketjen's common stock to an affiliate of KPS and contribute the remainder to Holdco, and that at closing it will receive approximately $536 million in cash and own common units of Holdco representing an initial 49% interest on a fully-diluted and as-converted basis.

2. 02

   The company said Ketjen will sell all of its interest in Eurecat S.A. to Axens SA for €105 million in cash (approximately $125 million), and that it expects to receive an aggregate of approximately $660 million in cash proceeds from the Transaction and the Eurecat Sale.

3. 03

   Albemarle said it expects to record a non-cash goodwill impairment charge of $181.5 million representing the full value of goodwill associated with the Refining Solutions reporting unit in Q3 2025. It added that the reporting unit has been classified as held for sale and could result in future impairment charges.

4. 04

   The company said the Ketjen transaction is expected to close in the first half of 2026, and that either party may terminate the Stock Purchase Agreement if closing has not occurred by April 30, 2026, upon which the Purchaser will be required to pay a termination fee of $32.5 million under certain specified circumstances. Albemarle said it expects to use the proceeds for debt reduction and other general corporate purposes.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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