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SABIC secures regulatory approvals for near-25% stake in Clariant
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Saudi Basic Industries Corp. received the final outstanding regulatory approvals from competition authorities to acquire a 24.99% stake in Clariant AG, the Swiss specialty chemicals firm said Sept. 10.
The deal will be closed in the next few days, making diversified chemical company SABIC the largest strategic anchor shareholder of Clariant.
The companies are discussing future possible collaborations to generate shareholder value.