SABIC acquires 24.99% stake in Clariant
25 January 2018 - 5:30PM
YASTEST
Clariant AG / SABIC acquires 24.99% stake in Clariant .
Processed and transmitted by Nasdaq Corporate Solutions. The issuer
is solely responsible for the content of this announcement.
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SABIC acquires stakes
previously held by 40 North and Corvex Management
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Clariant acknowledges
investment by chemical industry peer and partner
SABIC
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Clariant and SABIC to engage in
discussions
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Muttenz, January 25, 2018 - Clariant, a world
leader in specialty chemicals, today acknowledges 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, 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 joint venture Scientific Design.
Clariant intends to engage with SABIC over the
coming weeks in order to discuss the new situation and explore
possible ways to create value. Clariant will also continue the
existing dialogue with all its other shareholders.
Corporate Media Relations |
Investor Relations |
Jochen Dubiel
Phone +41 61 469 63 63
jochen.dubiel@clariant.com |
Anja Pomrehn
Phone +41 61 469 67 45
anja.pomrehn@clariant.com |
Claudia Kamensky
Phone +41 61 469 63 63
claudia.kamensky@clariant.com |
Maria Ivek
Phone +41 61 469 63 73
maria.ivek@clariant.com |
Thijs
Bouwens
Phone +41 61 469 63 63
thijs.bouwens@clariant.com |
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www.clariant.com
Clariant is a globally leading specialty chemicals company, based
in Muttenz near Basel/Switzerland. On 31 December 2016 the company
employed a total workforce of 17 442. In the financial year
2016, Clariant recorded sales of CHF 5.847 billion for its
continuing businesses. The company reports in four business areas:
Care Chemicals, Catalysis, Natural Resources, and Plastics &
Coatings. Clariant's corporate strategy is based on five pillars:
focus on innovation through R&D, add value with sustainability,
reposition portfolio, intensify growth, and increase
profitability. |
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information contained therein.
Source: Clariant AG via Globenewswire
--- End of Message ---
Clariant AG
Rothausstrasse 61 Muttenz 1 Switzerland
ISIN: CH0012142631;
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