# European Commission clears Aequita's $500M acquisition of Sabic Europe

The European Commission approved Aequita's acquisition of Sabic Europe for $500 million. The deal includes Sabic's European petrochemical sites in Teesside (UK), Geleen (Netherlands), Gelsenkirchen (Germany) and Genk (Belgium), and the assets are expected to become part of Velogy.

- Type: Acquisition
- Announced: 2026-09-28
- Where: Teesside, UK; Geleen, Netherlands; Gelsenkirchen, Germany; Genk, Belgium, United Kingdom
- Value: $500.0M
- Jobs: 1,900
- Status: announced
- Products: ethylene, propylene, polyethylene, polypropylene, compounds
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Saudi Aramco](https://endata.com/companies/304.md) (partner)
- [SABIC Europe](https://endata.com/companies/48140.md) (target)
- [AEQUITA](https://endata.com/companies/54778.md) (acquirer)
- [Velogy](https://endata.com/companies/91382.md) (partner)

## Sources

- [polimericanews.com](https://www.polimericanews.com/articolo.asp?id=1053), 2026-09-28: "The European Commission has cleared Aequita's acquisition of Sabic Europe, giving antitrust approval to the $500 million deal announced earlier this year."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.