Clariant initiates squeeze-out process for Süd-Chemie
Muttenz, - Clariant, a world leader in specialty chemicals, announced today that it has initiated the squeeze-out procedure to acquire all of the remaining shares of Süd-Chemie AG from minority shareholders according to the German Public Company Act (“Aktiengesetz” § 327a).
After expiry of the mandatory public offer on June 14, Clariant now owns 11 679 449 shares of Süd-Chemie AG, corresponding to 98.64% of the share capital.
Clariant is an internationally active specialty chemical company based in Muttenz near Basel. The group owns over 100 companies worldwide and employed approx. 16,200 employees as of December 31, 2010. In the financial year 2010, Clariant produced a turnover in excess of CHF 7 billion. Clariant is divided into ten business units: Additives; Detergents & Intermediates; Emulsions; Industrial & Consumer Specialties; Leather Services; Masterbatches; Oil & Mining Services; Paper Specialties; Pigments; Textile Chemicals.
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