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SABIC acquires 24.
99% of Clariant's shares
Recently, Clariant confirmed that SABIC has acquired a 24.
99% stake
in Clariant, previously held by White Tale and 40 North.
Clariant was informed of SABIC's intention
to acquire shares prior to the transaction.
As Clariant's peers and partners in the chemicals industry, SABIC and Clariant Catalysts have established a joint venture, Scientific Design
.
Clariant looks forward to engaging in dialogue with SABIC in the coming weeks to discuss the new situation and explore possibilities
for value creation.
99% of Clariant