SABIC obtains all regulatory approvals for Clariant acquisition
SABIC announced that it obtained all regulatory approvals related to the 24.99% stake acquisition in Swiss Clariant AG. The subject transaction comes in line with SABIC’s strategy of product diversification, and providing various solutions to its customer base. It is worth noting that Clariant is one of the leading global suppliers of catalysts, natural resources and packaging products.
SABIC: SAR120.20 as of 9 Sep. 2018, Rating: Neutral, TP: SAR110.00/share, MCap: USD96,160mn, SABIC AB/2010.SE
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