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Aramco announced in March 2019 that it planned to invest in a 70% stake in Saudi Basic Industries Corp. Anti-trust regulators from the European Union will have to decide by February 27th on whether the $69 billion deal can move forward without any conditions. Other countries, such as India, have approved the acquisition without demanding any concessions.

Regulators for the European Union to Rule on Aramco-SABIC Deal

Aramco announced in March 2019 that it planned to invest in a 70% stake in Saudi Basic Industries Corp. Anti-trust regulators from the European Union will have to decide by February 27th on whether the $69 billion deal can move forward without any conditions.

Other countries, such as India, have approved the acquisition without demanding any concessions.

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