Sale of General Electric Co.'s plastics division to Saudi Basic Industries Corp. (SABIC) for about US$11.6 bln (€8.63 bln) has been granted approval by the EU. This sale is an important step in GE's strategy to sell slower growth units, so it can invest in high-growth, high-technology businesses like health care and water processing technology.
For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10646&P=P
Tuesday, August 07, 2007
EU grants approval to GE to sell plastics division to SABIC
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