Clariant's Additional Lawsuits Will Weigh on Sentiment -- Market Talk
Dow Jones
Oct 03
0636 GMT - Clariant's stock faces headwinds as it receives lawsuits number 7 and 8, which allege its purchases of ethylene broke European Union competition law, Vontobel analyst Sibylle Bischofberger writes. Friday's announcement that BP is alleging damages totaling 1.1 billion euros and ExxonMobil is alleging 860 million euros in damages is unexpected because the deadline for filing claims was thought to be in May, Bischofberger says. The additional cases mean the Swiss chemical company faces claims totaling 8.4 billion euros and this will weigh on sentiment, Bischofberger says. Shares closed at 7.41 Swiss francs Thursday. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
October 03, 2025 02:36 ET (06:36 GMT)
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