... Sud-Chemie is 'the right strategic fit' for Clariant

摘要

Clariant is planning to acquire most of the shares of rival German speciality chemical maker Sud-Chemie, and has signed agreements with its majority shareholders. An agreement has been reached with One Equity Partners, which owns 50.4% of Sud-Chemie and a number of family shareholders, which own approximately 46%. As a result, Clariant will acquire slightly above 95% of the outstanding shares. The shares of One Equity Partners are to be bought at a price of ?121 per Sud-Chemie share. The vast majority of the Sud-Chemie family shareholders will swap their shares into Clariant shares at a ratio of 1:8.84, says Clariant. The total value of the transaction is ?2.0 billion (CHF 2.5 billion). Hariolf Kottmann, Clariant's chief executive, says: "We are convinced that Sud-Chemie is the right strategic fit for Clariant. It complements our portfolio with high growth businesses, less cyclicality and it provides Clariant access to new attractive market segments. Sud-Chemie will further drive our profitable growth forward in the coming years."