Clariant: cuts stake in Dutch chemicals maker Stahl
(CercleFinance.com) - Switzerland's Clariant has cut its stake in Dutch leather chemicals maker Stahl by a quarter, the company said in a statement Thursday.
Clariant has reduced its stake in Stahl from 19.7% to 14.8%, with the goal to remain "invested in the company as a financial investor," it said in a news release.
In 2014 Clariant sold its leather service business to Stahl for 74 million euros in cash and a 24% stake in the group.
Stahl - which makes high-quality chemicals, dyes, and coatings for leather and other applications - has about 2 000 employees.
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