Venator Materials Aktie

The International Chemical Investors Group (ICIG) has taken over the Venator plant in Duisburg, which has been insolvent since September 2025, securing around 350 jobs and ensuring the continuation of production of additives and nano products. The acquisition is still subject to approval by the Bundeskartellamt. ICIG plans to maintain existing structures, expand production under brands such as Sachtolith and Blanc Fixem, and pursue a strategic further development of the site. The transaction prevents high decommissioning costs for the 800,000-square-metre site and provides service providers and business partners with planning security. » Altro su wiwo.de

The International Chemical Investors Group (ICIG) has acquired the insolvent Venator chemical plant in Duisburg. This preserves all roughly 350 jobs and production of additives and nano-products will continue. Interim insolvency administrator Sarah Wolf stresses that the takeover provides planning certainty for employees, service providers and customers. The insolvency resulted from cash pooling with the British parent, whose insolvency in September 2025 affected the subsidiaries. » Altro su wiwo.de

S&P Global Ratings downgraded Venator Materials from CCC to D on Sept. 2 following the appointment of insolvency administrators and lowered the ratings for senior loans ($200m due 2026 and $175m due 2028) to D. It subsequently withdrew all ratings, saying there was insufficient information for ongoing surveillance. The administrators are expected to push for the sale of the U.K. sites Greatham, Wynyard and Birtley. S&P anticipates potential breaches of loan covenants and believes Venator has suspended payments as part of the insolvency process, including likely no interest payment in October on the $175m loan. » Altro su de.investing.com

The German subsidiary Venator is insolvent after its British parent company filed for insolvency and payments were halted. Both sites in Duisburg and Krefeld are endangered by an ongoing insolvency proceeding; around 700 employees are affected. Wages for the next three months are to be secured by insolvency benefit, and an employee meeting with a court-appointed insolvency administrator has been announced. » Altro su t-online.de

The German subsidiary Venator is insolvent after the British parent company filed for insolvency and payments were halted. As a result, both sites in Duisburg and Krefeld are threatened and around 700 employees are affected. Salaries for the next three months will be secured as insolvency benefit (Insolvenzausfallgeld), and an employee meeting with an insolvency administrator appointed by the district court is planned. » Altro su t-online.de