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Dow Chemical plans to boost stake in Sadara JV to 50 pct
August 28, 2017 / 1:26 PM / 3 months ago

Dow Chemical plans to boost stake in Sadara JV to 50 pct

Aug 28 (Reuters) - U.S. chemical and seeds company Dow Chemical Co said on Monday it plans to buy an additional 15 percent stake in Sadara Chemical Co, its joint venture with Saudi Aramco (IPO-ARMO.SE).

Dow, which currently owns a 35 percent stake in Sadara, said it signed a non-binding agreement with Aramco to boost that interest to 50 percent.

The deal is expected to occur after Dow closes its merger with DuPont. (Reporting by Ahmed Farhatha in Bengaluru; Editing by Sai Sachin Ravikumar)

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