SABIC to divest European petrochemicals business for $950 million

This article was originally posted on Chemical Engineering Online.

The Saudi Basic Industries Corporation (SABIC; Riyadh, Saudi Arabia) announced the signing of two strategic transactions to divest its European Petrochemicals (EP) business to AEQUITA and its Engineering Thermoplastics (ETP) business in the Americas and Europe to MUTARES, for a total combined enterprise value of $950 million. These transactions represent significant steps in the advancement […]

The post SABIC to divest European petrochemicals business for $950 million appeared first on Chemical Engineering.

SABIC to divest European petrochemicals business for $950 million

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