2007-08-04 - AME Info | Saudi Arabia | Latest News - EU regulators have given their approval to the Saudi Basic Industries Corporation's $11.6bn acquisition of the US based GE Plastics, reported the Arab News. The European Commission did not feel the takeover would have any serious impact on competition with firms in Europe and said the product portfolios of both firms were broadly 'complementary'. The deal is expected to be completed in Q3.  

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