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FINANCIAL NEWS
Saudi-SABIC aims USD3-6bn acquisition
03 May 2017
(MENAFN) Saudi Basic Industries Corp (SABIC) is aiming acquisition chances in the range of USD3 to USD6bn in the areas of petrochemicals, specialty chemicals and fertilizers.
Accordingly, there are some opportunities, which are in the range of USD3-6bn, which is basically the starting point.
In addition, the target markets for acquisition in the petrochemicals are N. America and China, whereas it exploring targets in Africa for fertilizers or agricultural nutrients.
The firm, headquartered in Riyadh, is amid the globe’s largest top petrochemical firms, which reported an 80 percent jump in revenue from a year earlier in Q1 of 2017.
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MENAFN0305201700450000ID1095448505
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