{"id":61986,"date":"2018-01-26T01:01:33","date_gmt":"2018-01-26T06:01:33","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=61986"},"modified":"2018-01-26T01:01:33","modified_gmt":"2018-01-26T06:01:33","slug":"saudis-sabic-buys-24-99-stake-in-swiss-chemicals-maker-clariant","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2018\/saudis-sabic-buys-24-99-stake-in-swiss-chemicals-maker-clariant.html","title":{"rendered":"Saudi&#8217;s SABIC Buys 24.99 Stake in Swiss Chemicals Maker Clariant"},"content":{"rendered":"<p>\n(Reuters) Saudi Basic Industries Corp (SABIC) has agreed to acquire a 24.99 percent stake in Swiss specialty chemicals maker Clariant AG , SABIC said on Thursday, becoming the Swiss company\u2019s largest shareholder. SABIC did not say how much it paid for the deal, but Clariant\u2019s 24.99 percent stake is worth $2.4 billion based on its market capitalisation. SABIC bought the stake from Corvex hedge fund and New York\u2019s 40 North. Clariant AG recently abandoned merger plans with Huntsman.<\/p>\n<p><a href=\"https:\/\/www.reuters.com\/article\/clariant-ma-sabic\/saudis-sabic-buys-24-99-stake-in-swiss-chemicals-maker-clariant-idUSL8N1PK0SG\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) Saudi Basic Industries Corp (SABIC) has agreed to acquire a 24.99 percent stake in Swiss specialty chemicals maker Clariant AG , SABIC said on Thursday, becoming the Swiss company\u2019s largest shareholder. SABIC did not say how much it paid [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-61986","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/61986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=61986"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/61986\/revisions"}],"predecessor-version":[{"id":61987,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/61986\/revisions\/61987"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=61986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=61986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=61986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}