Clariant Confirms SABIC to Complete Purchase
An unconditional closing of the purchase will take place in the next days.
Clariant 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 reportedly take place in the next days, making SABIC Clariant’s largest strategic anchor shareholder and second anchor shareholder beside the group of former shareholders of Süd-Chemie.
“With SABIC receiving all the regulatory approvals and the transaction set to be completed, we look forward to further developing the strategic relationship between both companies in order to generate value for all stakeholders,” said Hariolf Kottmann, CEO of Clariant.
Clariant and SABIC are reportedly discussing about possible future collaborations that could generate value for the stakeholders of both companies. Any outcome of these discussions will be presented in due course.