Clariant Offer For Remaining Süd Chemie Shares

Swiss speciality chemicals maker Clariant said on Tuesday it had made a mandatory public offer for the 3.85% of Süd-Chemie shares it does not own. Clariant, which beat rivals to buy German group Süd-Chemie for €1.4 billion ($2 billion) in February, will offer €126.38 per share.

The offer will run from May 17 to June 14, Clariant said. Last month, Clariant launched a right's issue to help fund the acquisition - its biggest buy in a decade - that will give the company access to Süd-Chemie's booming catalyst business.  In February, Clariant said it was issuing new shares in a 1.1 billion Swiss franc ($1.2 billion) capital increase to help finance the deal. It will exchange 700 million francs worth of shares with Süd-Chemie family shareholders.

Süd-Chemie is mainly coveted for its catalysts unit which caters to the huge petrochemical industry in the Middle East, including Saudi Basic Industries Corp (SABIC), the world's biggest petrochemicals company by market value.

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.

CHEManager Spotlight

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics
Creating Interfaces

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics

CHEManager Spotlight is an exclusive event tailored for practitioners and decision-makers in the chemical industry. This part of our event series delves into the latest trends and innovations in logistics to streamline your operations and drive efficiency.