niravFebruary 19, 2021
The recently published report called “
Global Granular Urea Market 2020 – 2027” is a fundamental study carried out by the experts with a perspective of the global market. It gets to the details of competing structure of industries worldwide. The report investigates the limits and strong points of the players. The report focuses on analyzing this market on the basis of various market uprights and presents a clear picture of it. This Granular Urea market report aimed to stick to sources whose reputation rests on their objectivity, rather than on excited statements of companies whose incentive is to see the future their way.
Sabic announces purchase of agri unit by Safco
RIYADH, January 6, 2021 Saudi Basic Industries Corporation (Sabic) has announced the completion of 100% acquisition by Saudi Arabian Fertiliser Company (Safco) of Sabic Agri-Nutrients Investment Company on January 4. Safco issued 59,368,738 ordinary new shares to Sabic valued at SR10 per share at Sabic’s investment portfolio. Sabic’s ownership in Safco post this transaction increase from 42.99% to 50.1%. Sabic had entered into a share purchase agreement with Safco on December 25, 2019, pursuant to which Safco will acquire 100% of the share capital of Sabic Agri-Nutrients Investment Company. The deal comes as a result of the shared vision by Sabic and Safco, to enhance and improve efficiencies through consolidation and realization of synergies. It also envisages considerable opportunities for growth and development of competitive advantages in the global marketplace.
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