On January 25 SABIC acquired a 24.99% stake in Clariant previously held by White Tale and 40 North, a Clariant associate and partner in the chemicals business that made it Become Clariant's largest shareholder.Pargard expects the next Clariant is about 50% likely to be acquired or dissolved.
After White Tale, an investment firm, demanded that the company get three board seats and asked an investment bank to conduct an independent review of Clariant, Clariant said in November last year that it will release the latest strategic plan.
Clariant's latest strategic plan to be released in early 2018 covers mergers and acquisitions, short-term portfolio management solutions, shareholder returns and cost structures, but Chief Executive Hariolf Kottmann said the plan is on hold and will soon be linked to the company's largest shareholder, Saudi Basic Industry companies hold talks and know more before they release further news.
Clariant's spokesman said on Friday: 'We are now facing a completely new situation. We have a new strategic plan, but the situation was completely different now, so the plan can not be implemented.' Clariant executives and Saudi Arabia The managers of Basic Industries conducted informal talks but formal talks on strategic issues were not yet held.
Last year, White Tale successfully blocked a $ 20 billion merger between Clariant and Huntsman following the $ 2.4 billion acquisition of Clariant, which bought a stake in White Tale at the end of January this year, But did not disclose the specific amount so far, the Saudi basis has not set a future goal.
SABIC is one of the world's leading chemical companies and specialty chemicals are an integral part of its business. As part of Clariant's partnership, SABIC has a joint venture with Clariant Catalyst - Scientific Design .