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Johnson Matthey PLC - London-based speciality chemicals maker - Completes the sale of its Catalyst Technologies business to Honeywell International Inc, for an enterprise value of £1.33 billion on a cash and debt-free basis. Company announced the receipt of final regulatory approval for the deal, from the State Administration for Market Regulation in China, on July 3. At the time, it said it expected completion no later than the end of August. Also on Friday, Johnson Matthey confirms its intention to return £1 billion of the net sale proceeds to its shareholders. This will comprise £800 million through a special dividend with share consolidation, which it expects to pay in the third quarter of 2026, and £200 million through an on-market share buyback programme following the dividend payment. ‘We are pleased to have completed the sale of Catalyst Technologies to Honeywell,’ comments Chief Executive Officer Liam Condon. ‘This is a significant milestone for Johnson Matthey as we transform into a focused, lean and cash-generative group, underpinned by our world-leading PGM expertise. We are grateful to our Catalyst Technologies colleagues for their significant contributions to Johnson Matthey over the years and wish the whole team every success for the future.’ Johnson Matthey current stock price: 1,909.00 pence 12-month change: up 1.8% Honeywell current stock price: $226.33 12-month change: down 3.9% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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