Analysts surveyed by Bloomberg said Switzerland-based Clariant would generate CHF 320 million or USD 352 million from the sale of its leather chemical and detergent units. Based on the average estimates of seven analysts, Bloomberg estimated the sale of the units would give Clariant over six times its earnings before interest, taxes, amortization and depreciation (EBITDA). The units generate annual earnings of CHF 50 million.

Clariant's leather and detergent businesses posted sales of CHF 550 million annually. Five analysts surveyed by Bloomberg said they estimated the enterprise value of the detergents unit at CHF 175 million. The leather unit, meanwhile, was pegged at CHF 164 million.

Clariant was looking to divest the said units by the end of 2013. Chief Executive Officer Hariolf Kottman had finalized the sale of its paper, textile and emulsions businesses to SK Capital Partners at the start of this month. That deal was closed after Clariant slashed down the price to CHF 425 million.