Oct 27 (Reuters) - Albemarle Corp ( ALB ):

* ALBEMARLE ANNOUNCES SALE OF A CONTROLLING STAKE IN KETJEN

TO KPS

CAPITAL PARTNERS

* ALBEMARLE - EXPECTS $660 MILLION FROM KETJEN AND EURECAT

JV

SALES

* ALBEMARLE - RETAINS 100% OF KETJEN'S PCS BUSINESS,

INCLUDING THE

PCS PLANT IN PASADENA, TEXAS

* ALBEMARLE: SEPARATELY SIGNS AGREEMENT TO SELL ITS 50%

STAKE IN

EURECAT JOINT VENTURE TO AXENS SA

* ALBEMARLE - WILL RETAIN APPROXIMATELY 49% STAKE IN KETJEN

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