# Aramco secures EU clearance to acquire majority stake in SABIC

Saudi Aramco received unconditional clearance from the European Commission to acquire a 70% stake in SABIC for $69 billion. The deal is now subject to remaining customary conditions.

- Type: Acquisition
- Announced: 2020-03-01
- Where: Saudi Arabia
- Value: $69.0B
- Status: announced
- Products: petrochemicals
- 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) (acquirer)
- [SABIC](https://endata.com/companies/3200.md) (target)

## Sources

- [egyptoil-gas.com](https://egyptoil-gas.com/news/aramco-seals-rights-to-majority-stake-in-sabic/), 2020-03-01: "Aramco has secured unconditional clearance from the European Commission to obtain a majority stake in SABIC."

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