Please wait.'

Page is loading'


Home  > Markets & companies  > Coatings market  > Clariant confirms Sabic to complete purcha...

Wednesday, 18 September 2019
pdf
Markets & companies, Coatings market

Clariant confirms Sabic to complete purchase of 24.99% stake

Tuesday, 11 September 2018

Clariant announced that Sabic has received the final outstanding regulatory approvals from the competition authorities for the purchase of a 24.99% stake in Clariant.

Sabic becomes Clariant’s largest strategic anchor shareholder through the acquisition, and second anchor shareholder beside the group of former shareholders of Süd-Chemie. Source: Sergey Nivens – stock.adobe.com.
Sabic becomes Clariant’s largest strategic anchor shareholder through the acquisition, and second anchor shareholder beside the group of former sha...

Therefore, an unconditional closing of the purchase will take place in the next days which makes Sabic Clariant’s largest strategic anchor shareholder, and second anchor shareholder beside the group of former shareholders of Süd-Chemie. Sabic, the world’s third largest diversified chemical company and a long-standing partner of Clariant in the Catalyst joint venture Scientific Design, entered into a purchase agreement regarding the acquisition of the stake in Clariant in January 2018.

Expansion of strategic relationships

"With Sabic receiving all the regulatory approvals and the transaction set to be completed, we look forward to further developing the strategic relationship between both companies in order to generate value for all stakeholders”, said Hariolf Kottmann, CEO of Clariant. Clariant and Sabic are discussing about possible future collaborations that will generate value for the stakeholders of both companies.

top of page
Comments (0)
Add Comment

Post comment

You are not logged in

register