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Saudi Aramco seeks to reduce stakes in Dow JV via IPO

by ChemOrbis Editorial Team -
  • 04/05/2017 (16:46)
According to Reuters, Saudi Aramco is planning to reduce its stake in Sadara Chemical Co., a joint venture with Dow Chemical, by an initial public offering.

Aramco has a stake of 65% in the joint venture while Dow has a stake of 35%. Aramco reportedly aims to have equal stakes with its partner, which means it is highly likely that the company will decrease its 30% stake in an initial public offering, reports revealed.

No other details have been revealed about the issue yet.
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