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News : Business

Aramco to acquire Sabic stake for $69B

By Bloomberg
29 Mar 2019   |   8:17 am   |   1m 59s
Saudi Aramco will buy a majority stake in chemical giant Sabic from the kingdom’s sovereign wealth fund for over $69B. This is the Middle East’s biggest ever deal. It will transfer a big slug of cash from one arm of the state to another to finance Crown Prince Mohammed bin Salman’s economic agenda.


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