Saudi Basic Industries Corporation (SABIC) has acquired 24.99 percent stake into Clariant AG, a leading international specialty chemicals producer.

 

The shareholding was originally owned by 40North and Corvex Management, SABIC said in a stock market filing.

 

The deal will be financed by bank loans, and awaits regulatory approval for completion.

 

SABIC and Clariant share another joint venture, Scientific Design, a process technology and catalyst development company.

 

Clariant AG manufactures specialty chemicals, and operates via four segments: care chemicals, catalysis, natural resources, and plastics and coatings.

 

It owns 80 plants at a combined production capacity of 4 million metric tons per annum.

 

 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request