Sep. 8 at 4:24 PM
$NGVT sees strategic shift with asset divestiture — what's the impact? 🤔
Ingevity is selling its North Charleston CTO refinery assets, expecting
$110M in cash proceeds to boost margins and cash flow flexibility. The move aligns with its strategy to reduce portfolio volatility and enhance strategic options. The transaction is expected to close by early 2026. 📈
Full insights on NGVT's move here 👉 https://www.zacks.com/stock/news/2748097/ngvt-agrees-to-divest-north-charleston-cto-refinery-to-mainstream-pine?cid=sm-stocktwits-2-2748097-body-11388&ADID=SYND_STOCKTWITS_TWEET_2_2748097_BODY_11388