Finance
Clariant Sells Venezuelan Business
Published by Global Banking & Finance Review®
Posted on December 19, 2025
1 min readLast updated: January 20, 2026
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Company
Published by Global Banking & Finance Review®
Posted on December 19, 2025
1 min readLast updated: January 20, 2026
Add as preferred source on GoogleClariant has sold its Venezuelan business to CMV Quimica for 1.4 million Swiss francs as part of a restructuring strategy to reduce costs and manufacturing footprint.
Dec 19 (Reuters) - Clariant has sold its business in Venezuela to CMV Quimica for around 1.4 million Swiss francs ($1.76 million), part of an ongoing restructuring push, the specialty chemicals maker said in a statement on Friday.
It said that following the divestment, a 236 million francs cumulative translation adjustment (CTA) would be reclassified to reduce this year's net profit without an impact on the Swiss firm's cash flow.
The company said it was selling the business as part of a strategy to reduce its manufacturing footprint and costs. In 2024, Clariant’s operations in Venezuela generated sales of around 3 million francs and employed around 60 people.
($1 = 0.7947 Swiss francs)
(Reporting by Paolo Laudani in Gdansk, editing by John Revill and Ludwig Burger)
A divestment is the process of selling off a subsidiary or business unit, often to streamline operations or focus on core areas. Companies may divest to reduce costs or improve financial performance.
A cumulative translation adjustment (CTA) is an accounting term that refers to the gains or losses resulting from the translation of foreign currency financial statements into the reporting currency. It impacts equity but not cash flow.
Net profit is the amount of money that remains after all expenses, taxes, and costs have been subtracted from total revenue. It is a key indicator of a company's profitability.
A manufacturing footprint refers to the physical presence and operational capacity of a company's manufacturing facilities. It includes the locations, size, and efficiency of production sites.
A restructuring strategy is a plan implemented by a company to reorganize its operations, finances, or structure to improve efficiency, reduce costs, or respond to market changes.
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