LyondellBasell to buy 35% stake in Alujain's Natpet for $500M

Alujain Corporation agreed to sell a 35% stake in its subsidiary Natpet to Basell International Holdings (LyondellBasell) for $500 million, as part of a joint venture to build a new petrochemical complex in Saudi Arabia.

“This agreement is poised to make a substantial contribution to the realization of Saudi Vision 2030 goals, aiming to maximize added value to the national economy within the sector.”tradearabia.com

• 1 source
• tradearabia.comAlujain to sell 35pc stake in Saudi petchem unit for $500mRIYADHMar 9, 2018

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