Clariant rejects $1 billion OMV claim alleging competition law infringement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 27 2025
0mins
Source: Reuters
Clariant's Legal Challenge: Clariant is facing a €1 billion damages claim from OMV for alleged competition law violations in the ethylene purchasing market, which Clariant firmly rejects and plans to defend against.
Previous Claims and Fines: This is not the first time Clariant has faced such claims; it previously received similar allegations from BASF and TotalEnergies, and was fined by the European Commission in 2020 for collusion related to ethylene prices.
Analyst Views on CE
Wall Street analysts forecast CE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CE is 54.78 USD with a low forecast of 43.00 USD and a high forecast of 75.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
4 Buy
6 Hold
0 Sell
Moderate Buy
Current: 47.980
Low
43.00
Averages
54.78
High
75.00
Current: 47.980
Low
43.00
Averages
54.78
High
75.00
About CE
Celanese Corporation is a global chemical and specialty materials company. The Company is a global producer of engineered polymers that are used in a variety of applications. Its segments include Engineered Materials and the Acetyl Chain. The Company's Engineered Materials segment includes the engineered materials business and certain strategic affiliates. The Engineered Materials business develops, produces and supplies a broad portfolio of high-performance specialty polymers for automotive and medical applications, as well as industrial products and consumer electronics. The Company's Acetyl Chain segment includes the integrated chain of acetic acid, vinyl acetate monomer (VAM), acetic anhydride, acetate esters, emulsion polymers, ethylene vinyl acetate (EVA) polymers, redispersible powders (RDP), and acetate tow businesses. The Acetyl Chain business produces and supplies acetyl products, including acetic acid, VAM, acetic anhydride and acetate esters.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
