Clariant & Huntsman merger to create $13 bn specialty chemicals behemoth

More than $3.5 billion value creation through annual cost synergies in excess of $400 million

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BS B2B Bureau Muttenz, Switzerland

Last Updated : May 22 2017 | 11:26 AM IST

Swiss specialty chemicals company Clariant and the US-based Huntsman Corporation have agreed to combine in a merger of equals through an all-stock transaction. The merged company will be named HuntsmanClariant. Huntsman will continue with the previously announced IPO of its pigments and additives business (Venator) as planned in summer 2017.

On a pro forma 2016 basis, the combination of both companies will create a leading global specialty chemical company with sales of approximately $ 13.2 billion, an adjusted EBITDA of $2.3 billion and a combined enterprise value of approximately $ 20 billion at announcement.

The combined entity will benefit from each other's

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