Sabic Acquires Nearly 25 Percent of Clariant
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.
Clariant International Ltd.
Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?
Looking for a new challenge? Check out our jobs market!
Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.