International. Clariant announced that Sabic received the latest pending regulatory approvals from competition authorities for the purchase of a 24.99% stake in Clariant. Therefore, an unconditional closing of the purchase will take place in the coming days, making Sabic Clariant the largest anchor strategic shareholder and the second anchor shareholder next to the group of former shareholders of Süd-Chemie.
Sabic, the world's third largest diversified chemical company and Clariant's partner in the Catalyst Scientific Design joint venture, entered into a purchase agreement regarding the acquisition of the stake in Clariant in January 2018.
"With Sabic receiving all regulatory approvals and the set of transactions to be completed, we look forward to further developing the strategic relationship between the two companies in order to generate value for all stakeholders," said Hariolf Kottmann, CEO of Clariant.
The official statement indicated that Clariant and Sabic are discussing possible future collaborations that will generate value for the stakeholders of both companies. Any outcome of these discussions will be presented in due course.
