ARAMCO takes over SABIC in  €61BN megadeal

ARAMCO takes over SABIC in €61BN megadeal

Saudi Aramco, the world’s most powerful oil producer, will buy a 70% stake in local chemical giant SABIC from the kingdom’s sovereign wealth fund for $69.1 billion, or €61.27 billion, transferring a big slug of cash from one arm of the state to another to help finance...

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