World News and Views :: Top of the News
Sahara Petrochemical and Sipchem sign MOU for proposed merger
2:26 PM MST | December 4, 2013 | Natasha Alperowicz
Sahara Petrochemical Co. and Saudi International Petrochemical Co. (Sipchem) announced today that they have signed a memorandum of understanding (MOU) to begin "confirmatory due diligence" and continue nonbinding negotiations covering detailed terms of their previously announced merger. The MOU follows preliminary conclusions of studies and negotiations into the proposed merger, which indicate that, subject to agreeing certain key terms, the proposed merger will be a positive, transformational step in the business of the resultant company. Al-Zamil...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee