Merger Operations Between Saudi International Petrochemical Company and Sahara Petrochemical Put Off
CHEMMONITOR.COM - Saudi Arabia’s Saudi International Petrochemical Company (Sipchem) and Sahara Petrochemical Co decided to suspend their merger operations to establish a company with market value of USD 5.7 billion. In 2013, the parties inked an MoU to create a share-swap merger. The companies were expected to make a contract in H1 of 2014.
Sipchem and Sahara Petrochemical are expected to proceed their activities independently and without liaising.