SABIC Acquires 24.99% Stake in Clariant
The acquisition of these stakes reportedly makes SABIC the largest Clariant shareholder.
Clariant recently announced the investment by chemical industry peer and partner SABIC, which has acquired a 24.99% stake in Clariant. The acquisition of these stakes, which were previously held by White Tale and 40 North, reportedly makes SABIC the largest Clariant shareholder.
Clariant reportedly intends to engage with SABIC over the coming weeks to discuss the new situation and explore possible ways to create value. In addition, Clariant plans to continue the existing dialogue with all its other shareholders.
For more information, visit www.clariant.com.