Global chemical leader Saudi Basic Industries Corporation (Sabic) has announced that it has completed the sale of its engineering thermoplastics (ETP) business in the Americas and Europe to Mutares SE & Co, thus marking a key step in its portfolio optimisation strategy.
In a strategic move, Saudi Basic Industries Corporation (Sabic) has agreed to divest its entire stake in Sabic Europe (including the group's petrochemicals business and assets in the European Union) along with its Engineering Thermoplastics (ETP) business in Europe and the Americas.
