Saudi International Petrochemical Co (Sipchem) has hived off 11% stakes in two affiliates to Kuwait's Ikarus Petroleum Industries for SR240 mln (US$64 mln). Sipchem will realize a profit of SR55 milliion from the deal in Q2 2009.
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Thursday, June 25, 2009
Sipchem sells 11% stake in two affiliates for $64 mln
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