Clariant is a global leader in specialty chemicals. Saudi basic industries (SABIC) has received final approval from the competition regulator to acquire a 24.99 per cent stake in clariant, the company announced. As a result, the acquisition will be completed without conditions in the next few days, making Saudi basic industries the largest strategic anchor shareholder of clariant and the second largest strategic anchor shareholder of sud-chemie in addition to its former shareholders. 
　　Saudi basic industries is the world's third largest diversified chemical company and clariant's long-term partner in scientific design of catalyst joint ventures. The company reached an agreement to acquire clariant shares in January 2018. 
　　Clariant chief executive Hariolf Kottmann said: " with SABIC approved by all regulatory authorities and the deal also nearing completion, we hope to further develop the strategic relationship between the two companies to create value for all stakeholders."  
　　Clariant and Saudi basic industries are discussing possible future partnerships that will create value for both companies' stakeholders. Any outcome of these discussions will be presented in due course.

 
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