Saudi Basic Industries Corporation (SASE:2010) signed definitive agreements to acquire 50% stake in Scientific Design Company, Inc. from Clariant AG (SWX:CLN) for $130 million on February 2, 2022. The final amount is payable at closing, which is subject to the receipt of the required regulatory approvals. The closing is expected to take place in mid-2022.
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- Saudi Basic Industries Corporation signed definitive agreements to acquire 50% stake in Scientific Design Company, Inc. from Clariant AG for $130 million.