SABIC has agreed to acquire approximately 83 million shares in Clariant from 40 North and Corvex Management. The acquisition of this approximately 24.9% stake in Clariant will make SABIC Clariant's largest shareholder and represents another key milestone in SABICs growth and diversification strategy to become a world leader in chemicals. Yousef Al-Benyan, SABIC'sVice Chairman and CEO said, "This acquisition is part of SABIC's long-term growth strategy to remain committed to product differentiation and creating value for its customers. Clariant is complementary to SABIC's existing specialties business and is well in line with SABIC's strategy of opening up new growth opportunities in specialty chemicals"
展开▼
