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Saudi SABIC to Sell European Chemicals Business for $950 Million
Market Intelligence Analysis
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Why This Matters
Saudi Basic Industries Corporation (SABIC) is selling its European petrochemicals business and engineering thermoplastics business in the Americas and Europe for $950 million as part of a portfolio optimization strategy.
Market Impact
Market impact analysis based on neutral sentiment with 75% confidence.
Sentiment
Neutral
AI Confidence
75%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Saudi Basic Industries Corporation (SABIC) has signed two separate agreements to sell its European petrochemicals business and the engineering thermoplastics business in the Americas and Europe, for a total of $950 million, Saudi Arabia’s chemicals giant said on Thursday. As part of a portfolio optimization SABIC announced the divestment of 100% of the shares in SABIC Europe B.V., comprising its European Petrochemicals business and assets, to AEQUITA, a Germany-based operator in the European industrial sector. The enterprise…
Original article published by
OilPrice.com
on January 8, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.