French investor Wendel agreed to buy a further 4.8% stake in Stahl Holdings BV for €50 million in a cash deal that would increase its economic ownership in the Dutch chemical manufacturer to about 67%.

The seller, Clariant AG, will continue to own an approximate 14.5% interest in Stahl but will relinquish its board seat and certain veto rights.

BASF, company management and other minority investors own the remaining 16% interest in Stahl.