Saudi petrochemicals giant Sabic has signed agreements to divest loss-making assets in Europe and the Americas as part of its divestment strategy intended to free up resources for investment in core areas (MEES, 9 May 2025).
In an 8 January statement, Sabic announced that it has agreed to sell its European Petrochemicals (EP) business to Aequita and its Engineering Thermoplastics (ETP) business in the Americas and Europe to Mutares. The combined enterprise value of the deals is $950mn. (CONTINUED – 385 WORDS)
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