Sipchem and Sahara Petrochemicals ink MoU for merger
16.10.2018
MOSCOW (MRC) -- Saudi International Petrochemical Company (Sipchem) has signed a non-binding agreement to buy Sahara Petrochemicals Company in a deal valued at just over USD2bn, as per TankNews.The agreement has taken place four years after merger talks stalled.Aligned with the goals of Saudi Vision 2030, which aims to create a thriving private sector in the Kingdom, the merger is expecte