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Posted by
Two Blokes May 22, 2025 -
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Stock
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Johnson Matthey PLC (LSE:JMAT) shares surged 29% as the chemicals group announced the disposal of its Catalyst Technologies division for £1.8 billion on cash and debt-free basis to Honeywell International. The disposal of the business, which makes catalysts for the automotive, energy, and chemicals industries, is expected to deliver net sale proceeds of circa £1.6 billion to the group, of which it says it will return £1.4 billion to shareholders when the deal completes, expected in the first half of 2026.
