Switzerland: Speciality Chemicals Sabic Becomes Clariant’s Largest Strategic Anchor Shareholder
Sabic has successfully purchased a 24.99 % stake in Clariant after receiving the required outstanding regulatory approvals from competition authorities.
Muttenz/Switzerland – Clariant, a world leader in specialty chemicals, has recently announced that Sabic has received the final outstanding regulatory approvals from the competition authorities for the purchase of a 24.99 % stake in Clariant. 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.
Clariant and Sabic are discussing about possible future collaborations that will generate value for the stakeholders of both companies. Any outcome of these discussions will be presented in due course.