- Accelerating profitable growth
- Addition of future technologies with high growth potential
- Enterprise value of EUR 2.0 billion (CHF 2.5 billion)
- Family shareholders convert Süd-Chemie shares into Clariant shares
MUTTENZ, SWITZERLAND: Clariant AG is acquiring a controlling majority in Süd-Chemie AG and has signed a contract with the majority shareholders. As part of the planned transaction, Clariant has come to agreements with the majority shareholder One Equity Partners (50.4 per cent) and the family shareholders (approximately 46 per cent). As a result, Clariant will acquire slightly above 95 per cent of the outstanding shares. The shares of One Equity Partners will be bought at a price of EUR 121 per Süd-Chemie share. The vast majority of the Süd-Chemie family shareholders will swap their shares into Clariant shares at a ratio of 1:8.84. The total value of the transaction is EUR 2.0 billion (CHF 2.5 billion).
With around 6,500 employees in 40 countries, Süd-Chemie operates two stable and profitably growing business units that hold a global leading position in the areas of process catalysts and adsorbents. Furthermore, Süd-Chemie has a strong R&D pipeline for new business areas with substantial growth potential.
“Süd-Chemie complements our portfolio with high growth businesses, less cyclicality and provides access to new attractive market segments. The acquisition will strengthen our research in future markets such as new materials and biotechnology,” said Hariolf Kottmann, CEO, Clariant AG. In line with Clariant’s financing policy, the transaction will be conservatively financed. The envisaged and approximate financing structure includes CHF 700 million share exchange with Süd-Chemie family shareholders, CHF 400 million rights issue, CHF 900 million debt financing and CHF 500 million cash.
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