SABIC to sell stake in Alba to Ma'aden for about $1bn

In:

Chemicals/Petrochemicals

Region:

Middle East & Africa

Petrochemical group Saudi Basic Industries Corp will sell its minority stake in Aluminium Bahrain (Alba) to Saudi mining firm Ma'aden for around $1 billion.The sale proceeds from the 20.62% stake are expected between BHD363 million ($963.25 million) and BHD398 million ($1.06 billion), SABIC said...

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