04
Oct
08:30
SSP completes lossmaking subsidiary divestment
The General Authority for Competition has approved the sale of Saudi Steel Pipe Company (SSP)’s wholly-owned subsidiary Titanium Steel & Manufacturing Co. (TSM Arabia) to Koch Chemical Technology Group Saudi Arabia.
The announcement came after the closing of the sale took place on 30 September, after required approvals were obtained, according to a bourse filing seen by Kallanish.
The main operating assets include buildings, machinery, and equipment use…
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