Saudi SABIC completes acquisition of stake in Clariant
by ChemOrbis Editorial Team - content@chemorbis.com
According to a press release, Saudi SABIC has received the final outstanding regulatory approvals for the proposed acquisition of a 24.99% stake in Switzerland-based Clariant AG.
The Saudi company is expected to finalize the closing of the acquisition within the next days. After closing, SABIC will become Clariant’s largest strategic anchor shareholder, and second anchor shareholder beside the group of former shareholders of Süd-Chemie.
The companies entered into a purchase agreement regarding the acquisition of the stake in January this year.
The Saudi company is expected to finalize the closing of the acquisition within the next days. After closing, SABIC will become Clariant’s largest strategic anchor shareholder, and second anchor shareholder beside the group of former shareholders of Süd-Chemie.
The companies entered into a purchase agreement regarding the acquisition of the stake in January this year.
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