DuPont has completed the separation of its performance chemicals segment through the spin-off of the The Chemours Company.

DuPont common stockholders received one share of common stock of Chemours for every five shares of DuPont common stock , while also receiving cash in lieu of fractional shares of Chemours, said a statement.

Ellen Kullman, chair and chief executive officer, said: “The successful spin-off advances DuPont’s transformation to a higher growth, higher value, global science and innovation company.

“We are now fully focused on markets where our science gives the company a distinct competitive advantage, enabling DuPont to drive higher, more stable growth.”

“The next generation DuPont is leaner and more efficient, better able to capitalize on key capabilities that help solve major global challenges and enable our customers to provide plentiful, healthier food; renewably sourced advanced materials; ample energy; better infrastructure and transportation,” said Kullman. 

“As we move forward, we are committed to continuing to execute our strategy to deliver value for shareholders today, while positioning DuPont for a successful future,” she added. - TradeArabia News Service