Saudi Basic Industries Corporation (SABIC) announces it has purchased additional shares in Clariant AG to increase its stake to (31.5%)
| Element List | Explanation |
|---|---|
| Announcement Detail | Saudi Basic Industries Corporation (SABIC) announces it has purchased additional shares in Clariant AG to increase its stake to (31.5%).
The move is part of SABIC's growth strategy in Specialties, to achieve a leadership position among global peers in specialties business and increase this segment’s contribution to SABIC.
Completion of the transaction above is subject to obtaining the required regulatory approvals. |
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