Clariant reduces stake in Stahl group by 25 percent

Clariant reduces stake in Stahl group by 25 percent

9:37 AM, 3rd January 2019
Clariant logo

MUTTENZ, GERMANY: Clariant announced that it reduced its stake in the Netherlands-based Stahl group by 25 % from 19.7% to 14.8%. Clariant will remain invested in the company as a financial investor.

Stahl is a producer of high- quality chemicals, dyes, and coatings for leather and other applications and has about 2000 employees. In 2014 Clariant sold its Leather Service business to the Stahl group for a cash consideration and a 24 % stake in the acquiring group.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Westlake completes full acquisition of Nakantm

HOUSTON, US: Westlake Chemical Corporation completed the acquisition of Nakantm, a global compounding solutions business. Nakan's products are used in ...

Read more
PolyOne acquires Fibre- Line for $120 million

CLEVELAND, US: PolyOne Corporation announced the acquisition of Fiber-Line, a global leader in customized engineered fibers and composite ma ...

Read more
Sabic, ExxonMobil to establish JV on petrochemical complex in Louisiana

HOUSTON, US: Sabic and an affiliate of Exxon Mobil Corporation are considering the potential development of a jointly owned petrochemical complex ...

Read more
Albemarle begins earthworks for Australian Kemerton project

CHARLOTTE, US: Albemarle Corporation announced that it has begun earthworks at the Kemerton Strategic Industrial Area, in Western Australia. This ...

Read more
Energy Transfer opens Marine East 2 NGL pipeline system

DALLAS, US: Energy Transfer LP announced that its Mariner East 2 natural gas liquids (NGLs) pipeline is in service, available for both interstate and ...

Read more
Amyris signs nutritional product royalty agreement with Xinfu

EMERYVILLE, US: Amyris Inc announced that it has signed a long-term agreement with Xinfu of China for a significant initial payment and a long-term mi ...

Read more