SIG Combibloc to acquire remaining 50% of Middle East and Africa joint venture from Obeikan

SIG Combibloc Group has signed an agreement to acquire the 50% stake held by Obeikan Investment Group in SIG Combibloc Obeikan, giving it full ownership. The joint venture operates a manufacturing plant in Riyadh, Saudi Arabia, and completion is subject to antitrust approvals.

“SIG Combibloc has signed an agreement to take full ownership of its Middle East & Africa joint venture SIG Combibloc Obeikan by acquiring the 50% shareholding of its partner Obeikan Investment Group (OIG) in the two joint venture companies.”eqs-news.com

• 1 source
• eqs-news.comSIG Combibloc Group AG: SIG to take full ownership of joint venture to leverage growth opportunities in the Middle East and Africa | Ad-hoc - EQS NewsNov 25, 2020

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