for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Oil Report

EXCLUSIVE-EU to clear without conditions $69 bln Aramco, SABIC deal - sources

BRUSSELS, Feb 21 (Reuters) - EU antitrust regulators are set to give unconditional clearance to world No. 1 oil producer Saudi Aramco’s $69 billion bid for a 70% stake in petrochemicals group Saudi Basic Industries Corp (SABIC) , people familiar with the matter said on Friday.

Aramco announced the deal in March last year, a move key to its diversification into refining and petrochemicals. (Reporting by Foo Yun Chee; editing by David Evans)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up