General Electric may be close to selling its plastics unit for almost USD 11 billion.
It may sell its plastics unit to Riyadh-based chemicals company Saudi Basic Industries, or SABIC.
A source told Reuters earlier this week that at least three bidders are in the final stages - SABIC, Dutch petro-chemical maker Basell and private equity firm Apollo Management.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment