# Basell International Holdings to acquire 35% stake in NATPET

Basell International Holdings signed an agreement to enter a strategic partnership with National Petrochemical Industries Company (NATPET) by acquiring a 35% stake valued at SAR 1.87 billion.

- Type: Acquisition
- Announced: 2024-11-05
- Where: Saudi Arabia
- Value: $498.0M (1.87B SAR)
- 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

- [Basell International Holdings](https://endata.com/companies/75016.md) (acquirer)
- [National Petrochemical Industries Company](https://endata.com/companies/81107.md) (target)

## Sources

- [my.gov.sa](https://my.gov.sa/en/news/10223), 2024-11-05: "The two companies signed another agreement under which Basell International Holdings will enter a strategic partnership with NATPET with a 35% stake in the company's capital, which is valued at SAR1.87 billion."

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