Albemarle to sell stake in 2 units; shares fall
ReutersOct 27, 2025 12:02 PM
Shares of lithium miner Albemarle ALB.N down 1.2% at $104.3 premarket
ALB says it will sell a 51% stake in its refining catalyst solutions business, Ketjen, to private equity firm KPS Capital Partners
Adds it will divest its 50% interest in the Eurecat joint venture to France's Axens SA
Across the two transactions, ALB to receive total proceeds of about $660 million
Up last close, stock up 22.7% YTD
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