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Croda International (CRDA)

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Monday 03 March, 2008

Croda International


Croda International PLC
03 March 2008

3 March 2008

                            Croda International Plc

              Sale of minority interest in Baxenden Chemicals Ltd

Continuing the strategy of focusing on its core businesses, Croda International
Plc announces the sale of its 46.5% interest in Baxenden Chemicals Ltd to
Chemtura Corporation, the majority shareholder, for a cash consideration of

Baxenden, a leading manufacturer in the specialist polyurethane industry, was
part of Croda's Industrial Specialities division. The business contributed £1.1m
to Group profit before tax in the year to 31 December 2007 and had a carrying
value of £9.2m at the end of the year.

The proceeds of the transaction will be used to reduce Group borrowings.

For further information:

Sean Christie, Finance Director                         Tel: 01405 860 551
Charlie Armitstead, Financial Dynamics                  Tel: 020 7269 7275

                      This information is provided by RNS
            The company news service from the London Stock Exchange