Saudi Aramco completes acquisition of 70% stake in SABIC for $69.1 billion

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Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. ? Reuters/Hamad I Mohammed/Files RIYADH: Saudi Aramco said on Wednesday it has completed the acquisition of a 70% stake in chemical giant SABIC for $69.1 billion, boosting it as one of the world’s largest producers.

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