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Regions :: Western Europe
Clariant Acquires Süd-Chemie
5:54 AM MST | February 16, 2011 | Ian Young in Zurich
Clariant has agreed to acquire almost all of Süd-Chemie (Munich) in a deal valued at €2 billion. Clariant expects to complete the transaction in the first half of 2011. The company announced the acquisition at its annual results presentation, held today in Zurich. Clariant will buy One Equity Partners' (OEP) 50.4% stake in Süd-Chemie for €121/share and acquire about 45% from Süd-Chemie's family shareholders, giving Clariant a stake of just more than 95%. The family shareholders will swap their Süd-Chemie shares for Clariant shares at...
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