Thursday, January 08, 2026
SABIC further optimizes its portfolio for long-term sustainable growth, divests its European Petrochemical (EP) business and its Engineering Thermoplastics (ETP) business in the Americas and Europe
The Saudi Basic Industries Corporation (SABIC) today announced the signing of two strategic transactions to divest its European Petrochemicals (EP) business to AEQUITA and its Engineering Thermoplastics (ETP) business in the Americas and Europe to MUTARES, for a total combined enterprise value of $950 million. These transactions represent significant steps in the advancement of SABIC’s strategy and constitute a core component of its broader portfolio optimization program. The divestments together
