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Clariant and its major shareholder SABIC plan a speciality chemicals joint venture combining Clariant's additives and masterbatch business with SABIC's ULTEM, NORYL and LNP specialities, with Clariant holding the majority stake. Clariant's remaining plastics and coatings business will be divested.
“Clariant will have the majority stake in the intended business combination.”waimaotong.com
Summarized from public sources; check the original articles before acting on it.