Clariant's update on SABIC tie-up faces delay, CEO says | ZAWYA MENA Edition

Clariant's update on SABIC tie-up faces delay, CEO says | ZAWYA MENA Edition:

Clariant's update on its ties with Saudi Basic Industries (SABIC) may be delayed, as antitrust approvals for the Saudi company's 25 percent stake in the Swiss speciality chemical maker take longer than expected.

The timing of the long-awaited strategy update, planned for early September, is now uncertain, Clariant Chief Executive Hariolf Kottmann told Reuters on Wednesday after the company released first-half 2018 results.

The Saudi chemicals company bought a quarter of Clariant in January, ending the Swiss company's fight with activist investors who had blocked its planned merger with Huntsman.