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Petronas Chem sells half of polymers business to Saudi Aramco for $900 mln
October 2, 2017 / 2:28 AM / 2 months ago

Petronas Chem sells half of polymers business to Saudi Aramco for $900 mln

KUALA LUMPUR, Oct 2 (Reuters) - Malaysia’s Petronas Chemicals Group Bhd (PCG) said on Monday it has sold 50 percent of a polymers unit to Saudi Aramco’s wholly owned subsidiary, Aramco Overseas Holdings Coöperatief U.A. for $900 million.

Aramco Overseas will take on 50 percent of loans held by PRPC Polymers, the chemical manufacturer said in a statement.

Reporting by Liz Lee; Editing by Edwina Gibbs

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