Johnson Matthey Sells Unit To Honeywell For 1.8 Billion Pounds
ReutersMay 22, 2025 6:18 AM
May 22 (Reuters) - Johnson Matthey PLC JMAT.L:
AGREEMENT TO SELL CATALYST TECHNOLOGIES BUSINESS
TO SELL CATALYST TECHNOLOGIES TO HONEYWELL FOR £1.8BN
DEAL EXPECTED TO DELIVER NET SALE PROCEEDS OF £1.6BN
£1.4BN EXPECTED TO BE RETURNED TO SHAREHOLDERS BY H1 2026
GROUP EXPECTS MID-SINGLE DIGIT CAGR IN OPERATING PROFIT FY2024/25 TO FY2027/28
GROUP EXPECTS £250M FREE CASH FLOW BY FY2027/28
DEAL EXPECTED TO CLOSE BY H1 2026
TO SELL CATALYST TECHNOLOGIES TO HONEYWELL FOR £1.8BN
LAUNCHED A NUMBER OF ACTIONS TO DELIVER FURTHER ENHANCED OPERATING EFFICIENCIES
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