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SIG completed the acquisition of the remaining 50% of its Middle East and Africa joint venture, SIG Combibloc Obeikan, from Obeikan Investment Group. The business is fully consolidated from end-February 2021.
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.
