Merger talks between 2 Saudi petrochemical firms resume after 10 years
Published 21 Sep,2020 via Asharq Alawsat (English Edition) - Talks to merge two Saudi petrochemical companies, which had been frozen for nearly 10 years, have resumed.
Saudi Industrial Investment Group (SIIG) and the National Petrochemical Company (Petrochem) announced Sunday that they have begun talks over a potential merger.
The SIIG and Petrochem boards have approved initial discussions to study the feasibility of a merger but no agreement has been reached on any final structure of a merged entity, the companies said in separate statements.
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