VOL. XLV

No 14

8-April-2002

SAUDI ARABIA

SABIC To Acquire DSMs Petrochemicals Business InMajor International Expansion

SaudiBasic Industries Corporation (SABIC) announced on 3 April that agreement inprinciple had been reached on the purchase of the petrochemicals business ofDSM, the Netherlands-based international chemicals and materials group, in amove that will see the Saudi companys business interests expand into Europeand the US.The transaction involves the transfer of allshares of the...