Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Clariant sells Venezuelan business
    Finance

    Clariant sells Venezuelan business

    Published by Global Banking & Finance Review®

    Posted on December 19, 2025

    1 min read

    Last updated: January 20, 2026

    Clariant sells Venezuelan business - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:sustainabilitycorporate strategyfinancial management

    Quick Summary

    Clariant 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.

    Clariant Divests Venezuelan Business in Strategic Move

    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)

    Key Takeaways

    • •Clariant sold its Venezuelan business to CMV Quimica.
    • •The sale is valued at 1.4 million Swiss francs.
    • •This move is part of Clariant's restructuring strategy.
    • •A 236 million francs CTA will impact net profit.
    • •The sale aims to reduce Clariant's manufacturing footprint.

    Frequently Asked Questions about Clariant sells Venezuelan business

    1What is a divestment?

    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.

    2What is a cumulative translation adjustment (CTA)?

    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.

    3What is net profit?

    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.

    4What is a manufacturing footprint?

    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.

    5What is a restructuring strategy?

    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.

    More from Finance

    Explore more articles in the Finance category

    Image for French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Image for Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    Image for AI trade splinters as investors get more selective
    AI trade splinters as investors get more selective
    Image for EU extends tariff suspension on $109.8 billion of US imports for six months
    EU extends tariff suspension on $109.8 billion of US imports for six months
    Image for Dog food maker Ollie acquired by Spain’s Agrolimen
    Dog food maker Ollie acquired by Spain’s Agrolimen
    Image for Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    View All Finance Posts
    Previous Finance PostUK government was hacked in October, minister confirms
    Next Finance PostCoty cashes out of Wella in $750 million deal with KKR