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,...