Saudi SABIC lifts Swiss chemicals maker Clariant stake – ZAWYA

Saudi SABIC lifts Swiss chemicals maker Clariant stake – ZAWYA

A man walks past the headquarters of Saudi Basic Industries Corp in Riyadh.. The company's decision to hike its stake comes after it took an impairment charge of 1.5 billion riyals ($400 million) on its investment in Clariant in its third quarter.. SABIC is just shy of the one-third stake that would require it to make an offer for all of Clariant, but Clariant said it did not expect the Saudi chemical giant to seek a takeover.. You can change your cookie settings through your browser..