EXCLUSIVE-EU to clear without conditions $69 bln Aramco, SABIC deal - sources


Reuters | Updated: 21-02-2020 22:22 IST | Created: 21-02-2020 22:13 IST
EXCLUSIVE-EU to clear without conditions $69 bln Aramco, SABIC deal - sources
Representative image Image Credit: Pixabay

EU antitrust regulators are set to give unconditional clearance to world No. 1 oil producer Saudi Aramco's $69 billion bid for a 70% stake in petrochemicals group Saudi Basic Industries Corp (SABIC), people familiar with the matter said on Friday.

Aramco announced the deal in March last year, a move key to its diversification into refining and petrochemicals.

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