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Tuesday, August 4, 2026 21:26 GMT
Global chemical leader Saudi Basic Industries Corporation (Sabic) has announced that it has completed the sale of its engineering thermoplastics (ETP) business in the Americas and Europe to Mutares SE & Co, thus marking a key step in its portfolio optimisation strategy. The transaction was closed on August 3 after all conditions, including regulatory approvals and carve-out activities, were completed, said Sabic in its filing to Saudi bourse Tadawul. The company said the divestment would help...More