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Sipchem & Sahara Petrochemicals Start Study for Merger

Source: www.gulfoilandgas.com 6/4/2013, Location: Middle East

Saudi International Petrochemical Company (Sipchem) announces the start of the initial mutual understanding to study the merger with the Sahara Petrochemicals Company. Both companies will undergo feasibility study for the merger processes, where both companies in the next five months will undergo technical, financial, and regulatory studies. Then those study results will be addressed to the Board of Directors of both companies and the required governmental entities, along with the general assembly meetings for both companies to proceed further. The Company will announce any developments in this regard.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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