Sabic purchases 25% in Clariant

Investor White Tale has sold its stake in Clariant to Saudi Arabia-based group Sabic, which becomes the largest shareholder of the Swiss group with approximately 25% of shares, currently worth about CHF2.3bn. Importantly, Sabic and Clariant are already partners in the Joint Venture Scientific Design. Analysts are already weighing the option of Sabic acquiring the whole Swiss-based group, whose portfolio would successfully combine with that of the Arabian group. Clariant’s shares were down over 8% (Zürich) after the transaction was announced.
(Source: Handelsblatt)