# 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.

- Type: Acquisition
- Announced: 2020-11-25
- Where: Riyadh, Saudi Arabia
- Status: announced
- Products: aseptic carton packaging machines, fillers and sleeves
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [SIG Combibloc](https://endata.com/companies/2294.md) (acquirer)
- [Obeikan Investment Group](https://endata.com/companies/7273.md) (partner)

## Sources

- [eqs-news.com](https://www.eqs-news.com/news/ad-hoc/sig-combibloc-group-ag-sig-to-take-full-ownership-of-joint-venture-to-leverage-growth-opportunities-in-the-middle-east-and-africa/73c1ac60-267b-4ced-8c2d-0aaab8303478_en), 2020-11-25: "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."

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