Sipchem Sells Stake in Saudi Acetyls Affiliates to Kuwaiti Firm

Saudi International Petrochemical Co. (Sipchem; Al Khobar, Saudi Arabia) says it has sold an 11% stake in two affiliates, International Acetyls Co. and International Vinyl Acetate Co., to Ikarus Petroleum Industries Co. (Shouweikh, Kuwait) for SR 240 million...

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