Dharan/Malaysia — Under the terms of the venture’s share purchase agreement (SPA), signed between PCG and Saudi Aramco’s Aramco Overseas Holding Cooperatif U.A. (AOHC) subsidiary, the parties have equal ownership in PRPC Polymers (PRPC Polymers) within PIC. The partnership is intended to provide PIC with high-impact strengths and synergies from both Saudi Aramco and PCG.
The signing of this agreement with PCG follows the signing of the SPA with PCG’s parent company Petronas during King Salman’s visit to Malaysia last February.
Read more...
