Saturday, 22 February 2020

EXCLUSIVE-EU to clear without conditions $69 bln Aramco, SABIC deal - sources - Reuters

EXCLUSIVE-EU to clear without conditions $69 bln Aramco, SABIC deal - sources - Reuters:

EU antitrust regulators are set to give unconditional clearance to world No. 1 oil producer Saudi Aramco’s $69 billion bid for a 70% stake in petrochemicals group Saudi Basic Industries Corp (SABIC) , people familiar with the matter said on Friday.

Aramco announced the deal in March last year, a move key to its diversification into refining and petrochemicals.

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