Cabot Corporation (NYSE: CBT) has entered into a definitive agreement to sell its Specialty Fluids business to Sinomine Resource Group Co., Ltd. (SZSE: 002738) for $130 million. Additional cash considerations include customary adjustments and royalties of up to $5 million, paid over a ten-year period. The transaction is expected to close in the third quarter of Cabot’s fiscal 2019 and is subject to customary closing conditions, including regulatory approvals. Sinomine is a joint stock public company based in China and is principally engaged in the provision of geological exploration, mining investment and base metal chemical manufacturing. Grace Matthews acted as financial advisor to Cabot Corporation on this transaction.

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