Merger Operations Between Saudi International Petrochemical Company and Sahara Petrochemical Put Off

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09 Jun 2014 18:27 Valerie Rose

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.

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