Clariant confirms SABIC to complete purchase of 24.99% stake in Clariant after receiving all regulatory approvals
10 Septiembre 2018 - 12:00AM
Clariant AG / Clariant confirms SABIC to complete purchase of
24.99% stake in Clariant after receiving all regulatory approvals .
Processed and transmitted by Nasdaq Corporate Solutions. The issuer
is solely responsible for the content of this announcement.
-
All regulatory approvals
received for SABIC's 24.99% stake in Clariant
-
Unconditional closing of
purchase to take place in the next days
-
After closing, SABIC becomes
Clariant's largest strategic anchor shareholder
|
|
|
Muttenz, September 10, 2018 - Clariant, a world
leader in specialty chemicals, today announced that SABIC has
received the final outstanding regulatory approvals from the
competition authorities for the purchase of a 24.99% stake in
Clariant. Therefore, an unconditional closing of the purchase will
take place in the next days which makes SABIC Clariant's largest
strategic anchor shareholder, and second anchor shareholder beside
the group of former shareholders of Süd-Chemie.
SABIC, the world's third largest diversified
chemical company and a long-standing partner of Clariant in the
Catalyst joint venture Scientific Design, entered into a purchase
agreement regarding the acquisition of the stake in Clariant in
January 2018.
"With SABIC receiving all the regulatory approvals
and the transaction set to be completed, we look forward to further
developing the strategic relationship between both companies in
order to generate value for all stakeholders", said Hariolf
Kottmann, CEO of Clariant.
Clariant and SABIC are discussing about possible
future collaborations that will generate value for the stakeholders
of both companies. Any outcome of these discussions will be
presented in due course.
Corporate Media Relations |
Investor Relations |
Jochen Dubiel
Phone +41 61 469 63 63
jochen.dubiel@clariant.com |
Anja Pomrehn
Phone +41 61 469 63 73
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
|
|
Follow
us on Twitter, Facebook, Google Plus, LinkedIn. |
|
www.clariant.com
Clariant is a globally leading specialty chemicals company, based
in Muttenz near Basel/Switzerland. On 31 December 2017 the company
employed a total workforce of 18 135. In the financial year
2017, Clariant recorded sales of CHF 6.377 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. |
Press release english
Press release german
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Clariant AG via Globenewswire
--- End of Message ---
Clariant AG
Rothausstrasse 61 Muttenz 1 Switzerland
ISIN: CH0012142631;
Celsion (AMEX:CLN)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Celsion (AMEX:CLN)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about Celsion Corp (American Stock Exchange): 0 recent articles
Más de Clariant AG Artículos de Noticias