Clariant divests 50% stake in Scientific Design joint venture to SABIC

Clariant signed definitive agreements to divest its 50% stake in the joint venture owning Scientific Design Company Inc. to SABIC for $130 million. SABIC executed a call option raised in 2015. The closing is expected in mid-2022.

“Clariant has signed definitive agreements to divest its 50 % stake in the joint venture which owns Scientific Design Company Inc. to its long-term joint venture partner, SABIC.”clariant.com

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• clariant.comClariant signs agreements to divest 50 % stake in Scientific Design joint venture to SABICFeb 1, 2022

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