Wilmington, DE, Apr. 26--DuPont Co. said Monday that it expects to realize a gain of about $77 million from the sale of its Invista textiles and interiors unit to two Koch Industries Inc. units.
According to a document filed with the Securities and Exchange Commission, the company will also indemnify Koch against some liabilities primarily related to taxes, legal matters, environmental matters and other representations and warranties.
DuPont said the estimated fair value of these obligations is $75 million and will be recorded when the transaction is complete.
As reported earlier this month, DuPont agreed to lower the sale price of the assets to about $3.8 billion from $4.07 billion, excluding the assumption of debt.
Except for three equity affiliates, this transaction is expected to be completed on April 30, the filing said. The transfer of three equity affiliates will be delayed until the company receives approval from its equity partners.
