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Shell sells its SADAF stake for $820 million

By John Donovan

Saudi Basic Industries has acquired Shell’s 50% share in the petrochemicals joint venture SADAF.

Shell has sold its stake for the sum of $820 million. The deal gives full control of the business to Saudi Basic Industries, the Saudi state-owned chemicals group known as Sabic. The sale proceeds will be used to invest in the growth of Shell’s own global chemical activities, such as in the USA. and its sister non-profit websites,,,,,, and are owned by John Donovan. There is also a Wikipedia feature.

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