Johnson Matthey Plc (LSE:JMAT) won Chinese approval to sell its Catalyst Technologies product, clearing the way for the £1.8bn sale to Honeywell and unlocking ~£1.6bn net proceeds—about £1.4bn earmarked for shareholder returns—sending shares up ~4.4% to 2,003.55p.
Previous Week Recap
- JM Cleared Sale To Honeywell: Johnson Matthey cleared China sale of Catalyst Technologies to Honeywell for £1.8bn, net proceeds ~£1.6bn; ~£1.4bn planned for shareholder returns. Shares rose ~4.4% to 2,003.55p.
- China Regulatory Approval Granted: Johnson Matthey Plc won Chinese regulatory approval to sell its CT product in China, enabling commercial sales and distribution of that specific product across the Chinese market.
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