Saudi Arabia's SABIC now owns 25% of fellow chemical maker Clariant AG
SABIC agreed to buy the stake in Clariant earlier this year after the latter's failed attempt to merge with Huntsman Corp.
"An unconditional closing of the purchase will take place in the next days, which makes SABIC Clariant's largest strategic anchor shareholder and second anchor shareholder beside the group of former shareholders of Süd-Chemie," Clariant said.
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