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Clariant: SABIC becomes largest strategic shareholder

(CercleFinance.com) - Saudi diversified chemicals group SABIC has become the largest strategic shareholder of Switzerland's Clariant after receiving regulatory approvals for it to take a 24.
99% stake in the company.

The purchase will be closed in the next few days, the Swiss chemicals firm said in a statement.

SABIC entered into a purchase agreement regarding the acquisition of the stake in Clariant in January 2018.

Clariant and SABIC are now in talks about possible future collaborations, the companies said.

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