VOL. XLV

No 25

24-June-2002

SAUDI ARABIA

European Commission Approves SABICs DSM Purchase

SaudiBasic Industries Corporation (SABIC) announced on 19 June that the EuropeanCommission (EC) had approved the formers purchase ofthe petrochemicals business of DSM, the Netherlands-based internationalchemicals and materials group. Agreement in principle on the deal was reachedlast April (MEES, 8 April). Thetransfer of the businesses involved is expected to take place by the end ofJune. The transaction,...