2020-06-22, 12:30 |
![]() |
Aramco announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, for a total purchase price of SAR 259.125 billion (EUR 61.6 billion), equating to SAR 123.39 (29.3 Euro) price per share. The closing of the transaction strengthens Aramco's presence in the global petrochemical industry. Together, Aramco and Sabic have a combined production volume of almost 90 million tons of petrochemicals in 2019. As Sabic's new majority shareholder, Aramco now has the opportunity to elect the majority of Sabic's directors. More information: www.aramco.com, www.sabic.com |
Sabic, Sittard, Netherlands
REICO Kunststoff-Technik GmbH
39646 Oebisfelde, Germany
Reitz Technik GmbH
63599 Biebergemünd, Germany
BMSplasticshop
57580 Gebhardshain, Germany
General-Industries Polymere GmbH
34123 Kassel, Germany
Holzmühle Westerkamp GmbH
49429 Visbek, Germany