Dow Considering Exit from $20 Billion Saudi Aramco Chemicals Venture
Dow Inc. is evaluating its options for exiting a $20 billion chemicals joint venture with Saudi Aramco, according to Bloomberg News. The review aligns with Dow's broader strategy to restructure its portfolio amid ongoing challenges in the chemical industry. As of last year, Dow held a 35% stake in Sadara Chemical Co., while Saudi Aramco owned the remaining interest. Bloomberg reported that Saudi Aramco may be interested in acquiring Dow’s share and increasing its ownership in the venture. Other strategic or financial investors could also potentially bid for the stake. However, no final decision has been made yet, as discussions remain confidential at this stage.
Tickers: $DOW
Topics: chemicals industry Dow Sadara Chemical Co. Saudi Aramco strategic restructuring