Clariant secures Sued-Chemie

Swiss speciality chemicals maker Clariant has won the battle to take over Germany’s Sued-Chemie with a €1.4bn (£1.2bn) acquisition that expands its presence in high-growth sectors. The deal has an enterprise value of €2bn, or €1.4bn in equity and €600m in debt. The financing includes a SwFr400m (£257.6m) rights issue.