Saudi chemical major Saudi Basic Industries Corporation (SABIC) has agreed to divest its entire stake in SABIC Europe and its Engineering Thermoplastics (ETP) business in Europe and the Americas, the company said in a bourse filing on Thursday.
SABIC has agreed to sell Sabic Europe to Munich-based asset management firm AEQUITA at an enterprise value of SAR 1,875 million ($500.00 million).
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The divestment is part of SABIC’s plans to improve its group’s return on capital expendit… [362 chars]
Source: Reuters | Published: 2026-01-08T06:02:34Z
Credit: Reuters
