Industry News, Mergers and Acquisitions, Suppliers News

SABIC Acquires 24.99% Stake in Clariant

SABIC acquires stakes previously held by 40 North and Corvex Management.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Clariant acknowledges the investment by 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, makes SABIC the largest Clariant shareholder.   As is customary in the industry, Clariant was informed of SABIC’s intention to acquire the shares prior to the transaction. SABIC is one of the major global chemical companies, with a significant specialty chemicals business and a partner of Clariant in the Catalyst j...

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