Johnson Matthey (JMAT)

Down
Share Price:
2,279.00p
Market Cap:
£2,874.42m
Change Today:
-649.00p
Sector:
Industrial Chemicals

Johnson Matthey gets China approval for sale of CT business to Honeywell

By Michele Maatouk

Date: Friday 03 Jul 2026

LONDON (ShareCast) - (Sharecast News) - Johnson Matthey said on Friday that it has now received regulatory approval from China for the sale of its Catalyst Technologies business to Honeywell.
"All conditions to the transaction have therefore now been satisfied and JM is working with Honeywell to proceed to completion, which will take place by no later than the end of August 2026, as previously announced," it said.

The company announced last May that it had agreed to sell the CT business to Honeywell for £1.8bn. It said at the time that the deal would deliver net proceeds of around £1.6bn, of which £1.4bn would be returned to shareholders after completion.

Johnson Matthey said that following the sale, it would be "repositioned as a highly streamlined group focused on Clean Air and PGMS, driving sustained strong cash generation to support attractive ongoing returns to shareholders".

At 1404 BST, the shares were up 4.4% at 2,003.55p.

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Johnson Matthey Market Data

Currency UK Pounds
Price 2,279.00p
Change Today -649.00p
52 Week High 2,928.00p
52 Week Low 1,775.00p
Volume 26,798
Shares Issued 126.13m
Market Cap £2,874.42m

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