Market Chatter: Dow Mulls Exit From $20 Billion Chemicals Partnership With Saudi Aramco

MT Newswires Live

Sep 09

Dow Chemical is weighing plans to exit its $20 billion chemicals joint venture with Saudi Aramco, Bloomberg reported Wednesday, citing people familiar with the matter.

Dow held a 35% stake in the venture, known as Sadara Chemical, as of last year, with Aramco holding the remainder, the report said. Saudi Aramco could acquire Dow's stake to increase its ownership, or other strategic or financial investors may place bids for it, the report said, citing the people.

Dow didn't immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Saudi Aramco could acquire Dow&#39;s stake to increase its ownership, or other strategic or financial investors may place bids for it, the report said, citing the people.</p><p style=\"text-align: left;\">Dow didn&#39;t immediately reply to a request for comment from MT Newswires.</p><p style=\"text-align: left;\">(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2666807775","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2666807775","pubTimestamp":1788955074,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Saudi Aramco could acquire Dow's stake to increase its ownership, or other strategic or financial investors may place bids for it, the report said, citing the people.Dow didn't immediately reply to a request for comment from MT Newswires.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"市场传闻：陶氏化学考虑退出与沙特阿美价值 200 亿美元的化学品合作伙伴关系","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/fd4f02ef9cd5b5f5a3964b360d9509b4","symbols_score_info":{"DOW":1},"content_text":"Dow Chemical is weighing plans to exit its $20 billion chemicals joint venture with Saudi Aramco, Bloomberg reported Wednesday, citing people familiar with the matter.Dow held a 35% stake in the venture, known as Sadara Chemical, as of last year, with Aramco holding the remainder, the report said. Saudi Aramco could acquire Dow's stake to increase its ownership, or other strategic or financial investors may place bids for it, the report said, citing the people.Dow didn't immediately reply to a request for comment from MT Newswires.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}