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Ecolab sells some assets to Swiss firm

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Ecolab Inc will sell some of its deep water assets in the Gulf of Mexico to a Swiss chemicals firm. Reuters reports that the financial details of the deal signed with Clariant have not been disclosed.

According to Clariant, Ecolab had to divest the assets to win U.S. approval for its $2.2 billion acquisition of privately held oilfield specialty chemicals maker Champion Technologies Inc. Clariant said it was buying Champion's oil and gas production chemicals services.

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