Saudi Basic Industries Corporation (SABIC) has completed the purchase of Huntsman's UK Base Chemicals and Polymers business, acquiring 100% of the shares of Huntsman Petrochemicals UK for a purchase price of US$700 mln in cash. The new entity has been renamed Sabic UK Petrochemicals and all 850 Huntsman Petrochemicals UK employees will transfer to Sabic.
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02-Jan-07 
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