Saudi International Petrochemical Co. (Sipchem) and Sahara Petrochemical Co., currently in the process of merging, have provided further details on the deal. In December, Sipchem and Sahara entered into a legally binding agreement on the terms and conditions for implementing a merger of equals. Sipchem will be making a recommended ofer to acquire all the issued shares in Sahara in exchange for the issuance of new shares in Sipchem for Sahara shareholders.
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