Sale of Chlor-Akali Plants
| Stock | DGL Group Ltd (DGL.ASX) |
|---|---|
| Release Time | 9 Apr 2026, 9:01 a.m. |
| Price Sensitive | Yes |
DGL Group sells chlor-alkali plants for $2.5M
- Sale of two chlor-alkali manufacturing plants for $2.5 million
- Assets had a carrying value of $7.9 million, with $5.3 million impairment charge
- Sale due to changed market conditions for chlor-alkali products
DGL Group Limited (ASX: DGL) has announced that it has entered into a binding term sheet for the sale of two chlor-alkali manufacturing plants for a total consideration of $2.5 million. The assets had a carrying value of approximately $7.9 million in DGL's accounts as at 30 June 2025, and the company has recognized an impairment charge of approximately $5.3 million in its half-year financial statements for the period ended 31 December 2025. The sale of the plants and the associated reduction in their carrying value is due to changed market conditions for chlor-alkali products. The sale of these assets is consistent with the company's ongoing strategic review to optimize financial performance and will support the company's focus on core operations. The Board confirms that the sale of these assets will not materially impact the company's ongoing operations.