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Kuwait to offer Dow Chemicals’ shares to public

by ChemOrbis Editorial Team - content@chemorbis.com
  • 19/11/2014 (16:31)
According to media reports, Kuwait plans to offer Dow Chemical’s shares in Kuwaiti petrochemical joint ventures to the public, which the company is expected to sell off in order to provide financing for its other strategic plans.

It was reported that these shares would be offered to Kuwaiti citizens in initial public offerings but no specific time has been set for it. Dow Chemical’s shares in Kuwait involve stakes in EQUATE, Kuwait Olefins Co, which owns an ethane cracker and an ethylene glycol production unit, and Kuwait Styrene Co, which produces styrene.
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