Sabic explores listing industrial gas unit
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Sabic explores listing industrial gas unit
Saudi Basic Industries Corporation (Sabic), which is 70 percent owned by Saudi Aramco, is reportedly planning to sell a stake in its industrial gas subsidiary through an initial public offering. The company is in early talks with potential advisers including Lazard, HSBC Holdings, JPMorgan Chase and Morgan Stanley on a possible listing of National Industrial Gases Company this year, Bloomberg reported, citing sources. Sabic owns a 74 percent of …
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