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SKion takes 88.3 percent of Altana

SKion takes 88.3 percent of Altana

SKion GmbH, the holding company owned by German billionaire Susanne Klatten, has increased its stake in specialty chemicals maker Altana AG to more than 88 percent, the company said Tuesday.
SKion said that after its tender offer for Altana shares ended on Dec. 19, it had acquired 88.3 percent of the company, meaning the number of the company's shares trading on the open market was less than 10 percent.
Altana, based in Bad Homburg, is listed on Deutsche Boerse's MDAX Index. Shares of Altana were down .1 percent to


Updated : 2021-01-19 00:16 GMT+08:00