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General Electric discloses its plan to sell its plastics unit to Saudi petrochemicals manufacturer Saudi Basic Industries Corporation (Sabic) for $11.6 billion.
The deal for the G.E. division, which employees 11,000 in 20 countries, is one of the.
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General Electric Co. is close to reaching an agreement to sell its plastics division for almost $11 billion to Saudi Arabia’s largest industrial company, Saudi...
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Acquisition & Merger Business European Union GE General Electric Innovative Jeffery Immelt petrochemical Pictorial Pittsfield plastics Saudi Basic Industries Corporation United States
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Charlie Crew (Photo: Business Wire)
