SABIC has received the final outstanding regulatory approvals from the competition authorities for the purchase of a 24.99 percent stake in Clariant.An unconditional closing in mid-September will make SABIC Clariant’s largest strategic anchor shareholder, and the second anchor shareholder beside the group of former shareholders of Süd-Chemie. SABIC, which claims to be the world’s third largest diversified chemical company and is a long-standing partner of Clariant in the Catalyst joint venture Scientific Design, entered into a purchase agreement regarding the acquisition of the stake in January 2018. “With SABIC receiving all the regulatory approvals and the transaction set to be completed, we look forward to further developing the strategic relationship between both companies in order to generate value for all stakeholders”, said Hariolf Kottmann, CEO of Clariant. Clariant and SABIC are discussing about possible future collaborations that will generate value for the stakeholders of both companies. Any outcome of these discussions will be presented in due course.