Homburger advised Clariant AG on its entry into a Memorandum of Understanding with Sabic regarding the combination of high performance materials businesses
On September 17, 2018, Clariant AG (Clariant) and Saudi Basic Industries Corporation (Sabic) entered into a Memorandum of Understanding regarding the combination of their respective high performance materials businesses. The new business area High Performance Materials within Clariant will combine Clariant’s Additives and high-value Masterbatches as well as parts of Sabic’s Specialties business to create a uniquely positioned provider of highly customer-specific high performance materials and solutions.
Homburger acted as legal advisor to Clariant in connection with the Memorandum of Understanding. The Homburger team was led by partner Frank Gerhard and included associates Marc Hanslin, Andreas Müller and Nicola Togni (all Corporate / M&A), partner Marcel Dietrich, counsel Andreas Burger as well as associates Richard Stäuber and Allegra Schär (all Competition / Regulatory), partner Reto Heuberger and associate Marc Vogelsang (both Tax).