Merger of Sabic’s Specialties Business with Clariant Put on Hold

MOU Merger of Sabic’s Specialties Business with Clariant Put on Hold

26.07.2019Editor: Ahlam Rais

Under the MOU signed in 2018, Sabic aimed to combine its specialties business with the additives and high value masterbatch areas of Clariant. However, due to the current unfavourable market conditions, both the firms have temporarily postponed the discussion.

Related Vendors

Glatt Ingenieurtechnik GmbH

Maag Pump Systems AG

TRM Filter d.o.o.

Sabic looks forward to continue the discussion once market conditions have improved as it remains committed to its strategic growth ambitions in the area of specialties.
(Source: Sabic)

Saudi Arabia – As part of Sabic’s global strategy to become a top five global leader in specialties, on September 11, 2018, Sabic closed on its transaction to acquire a 24.99 % stake in Clariant. Along with that stake, Sabic became the largest anchor shareholder in Clariant. On September 18, 2018 Sabic announced the signing of a Memorandum of Understanding with Clariant, to open discussions and a due diligence process with the shared intent to combine its future stand-alone Specialties business with the additives and high value masterbatch areas of Clariant.

Following the signing of a Memorandum of Understanding between Sabic and Clariant to explore the possible merger of Sabic’s Specialties business with Clariant, both companies have now reached a common understanding to temporarily defer these discussions due to current unfavourable market conditions. Sabic looks forward to continuing these discussions once conditions have improved as it remains committed to its strategic growth ambitions in the area of specialties.

This decision does not impact the performance of Sabic’s Specialties business or its ongoing customer commitments.

Subscribe to the newsletter now

Don't Miss out on Our Best Content

Business E-mail

Please enter a valid mailadress.

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy.

Stand vom 23.03.2021

Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy.

Consent to the use of data for promotional purposes

I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planckstr. 7-9, 97082 Würzburg including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here

Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.

In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here.

Right of revocation

I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://support.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.

(ID:46049163)