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...Sabic did not respond to a request for comment. Additional reporting by Michael O’Dwyer and Thomas Wilson in London...
...The group’s international shareholders include Japan’s Mitsui, the South African Public Investment Corporation, which is the continent’s largest fund manager, and Saudi Arabia’s Sabic chemicals company....
...It spent $4.9bn on US gaming group Scopely in April, bought Standard Chartered’s aircraft leasing business for $3.6bn and took over the steel unit of Saudi chemicals group Sabic for $3.3bn....
...Sabic, the Saudi petrochemicals group, also has a significant investment in a Teesside chemical plant, Olefins 6, which is Europe’s second-largest ethylene “cracker”....
...some hefty industrial carbon emitters: Rio Tinto, which belches large volumes of carbon dioxide from its aluminium smelters; the giant oil producer and refiner Saudi Aramco and its chemicals affiliate Sabic...
...Instead, the person said, WE Soda’s bankers pushed comparisons with Saudi petrochemicals group Sabic and Abu Dhabi-based petrochemicals group Borouge, which trade at EV/ebitda multiples of about 10 and nine...
...These are Solvay, Indorama, Sabic and Yara. Wolfe Research said 3M’s exit was inevitable in light of growing actions to bar Pfas products in many jurisdictions over the next decade....
...Just four of the 54 companies — Indorama in Thailand, Saudi Arabia’s Sabic, Yara of Norway and Belgium’s Solvay — have a public strategy to phase out hazardous chemicals, according to ChemSec, an independent...
...The investor then sold its stake to Saudi Basic Industries Corporation (Sabic), which still owns 31.5 per cent....
...The company is still trying to absorb a $69bn deal for a majority stake in Saudi chemicals giant Sabic, which it was forced to take on from the kingdom’s Public Investment Fund....
...Groups including BASF, Dow Chemical, Sabic, and Solvay, have committed to sharing knowledge to reduce investment risks in green technologies as part of the World Economic Forum’s (WEF) Low-Carbon Emissions...
...The company acquired a 70 per cent stake in Sabic, the Saudi petrochemicals company, in 2020....
...Passing on the increased input costs poses a challenge for petrochemical producers such as divisions of Royal Dutch Shell and TotalEnergies, Germany’s BASF and Covestro and Saudi Arabia’s Sabic when demand...
...In 2020, it acquired a 70 per cent stake in Saudi Arabia’s state-owned petrochemicals company Sabic....
...The world’s largest petrochemical companies, including Dow, Sabic and Chevron Phillips Chemical, have all formed partnerships with recycling start-ups....
...Sabic, the Saudi petrochemicals group, has agreed to invest at least £150m in a UK chemicals plant that was closed a year ago....
...But Clariant has a big backer, state-owned oil producer Saudi Aramco via its chemical subsidiary, Sabic....
...The company meanwhile spent $69bn buying 70 per cent of Sabic, the kingdom’s petrochemical business. It plans to shell out a further $170bn in capital spending. Investors have qualms....
...Others — including representatives of its biggest shareholder, Saudi Arabia’s Sabic — tuned in by video....
...decades, including the sale of its stake in television company NBCUniversal to Comcast in 2013 for $16.7bn — advised by JPMorgan, Goldman Sachs and Citi — and the sale of its plastics unit to Saudi Arabia’s SABIC...
...Borrowing also rose last year after it was forced to absorb the $69bn acquisition of a majority stake in Sabic, the Saudi chemicals company, from the kingdom’s Public Investment Fund at the time of a cash...
...Aramco is the major shareholder in Sabic after acquiring the sovereign wealth fund’s 70 per cent holding in the petrochemicals firm in a $69bn deal orchestrated by the royal court in 2019....
...Both the state oil company Saudi Aramco and the petrochemicals group Sabic were developing programmes in that field, Saudi officials said....
...Borrowing has also surged as the company was forced to absorb the $69bn acquisition of a majority stake in Sabic, the Saudi chemicals company, from the kingdom’s Public Investment Fund at a time of a cash...
...a measure of the degree to which operations are financed by debt, has surged from minus 4.9 per cent in the first quarter to 21.8 per cent in the third quarter as it spent $69bn for a majority stake in Sabic...
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