28
Mar
11:15
Aramco agrees Sabic purchase, no plans to delist
Saudi Aramco has signed a share purchase agreement to acquire a 70% majority stake in Saudi Basic Industries Corporation (Sabic) in a private transaction for SAR 259.125 billion ($69.1 billion). The oil giant says it has no plans to acquire the remaining 30% of Sabic shares which are publicly traded.
Once completed, the acquisition will advance Aramco’s integrated refining and petrochemicals business, and give Sabic a strategic energy industry shareho…
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Anonymous
Very good overview of the weekly steel market.
Anonymous