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09-10-2018

Sabic Acquires Nearly 25 Percent of Clariant

Confirmed Purchase

Saudi Basic Industries Corporation (Sabic), Riyadh, Saudi Arabia, has received all outstanding regulatory approvals to buy the 24.99% stake in Clariant International Ltd., Muttenz, Switzerland. Therefore, an unconditional closing of purchase to take place in the next days.

According to own statements this purchase makes Sabic Clariant’s largest strategic anchor shareholder, and second anchor shareholder beside the group of former shareholders of Süd-Chemie.

Sabic describes itself as the world’s third largest diversified chemical company and a long-standing partner of Clariant in the Catalyst joint venture Scientific Design. The company entered into a purchase agreement regarding the acquisition of the stake in Clariant in January 2018.

Both are discussing about possible future collaborations that will generate value for the stakeholders of both companies.

Company profile

Clariant International Ltd.

Rothausstraße 61
CH 4132 MUTTENZ 1
Tel.: +41 61 4697747
Fax: +41 61 4697587

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