January 25, 2018 / 6:08 AM / 3 months ago

BRIEF-Saudi's SABIC Buys Stake In Switzerland'S Clariant‍

Jan 25 (Reuters) - SAUDI BASIC INDUSTRIES CORPORATION SJSC :

* BUYS ABOUT 24.99 PERCENT STAKE IN CLARIANT AG FROM NORTH 40 AND CORVEX MANAGEMENT ‍

* SAYS PURCHASE OF SHARE IN CLARIANT AG IS FINANCED BY FOREIGN BANKS‍

* SAYS FINANCIAL IMPACT OF PURCHASE OF SHARE IN CLARIANT AG WILL APPEAR IN Q1, 2018

* SAYS PURCHASE AMOUNT DOES NOT EXCEED 10 PERCENT OF SABIC’S NET ASSETS AS PER LATEST AUDITED FINANCIAL STATEMENTS Source text for Eikon: Further company coverage:

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