Saudi Arabia's Sabic has agreed to sell two businesses in Europe and the Americas for a total value of $950 million, accelerating its withdrawal from foreign assets as low oil prices squeeze petrochemical margins.
Sabic, one of the Middle East's largest companies, will sell its European petrochemicals unit to Munich-based family office Aequita for $500 million and its engineering thermoplastics business in the Americas and Europe to Ger
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