Kuwait Petroleum's stake investment in China Wanhua Chemical's unit valued at $638 MM
4/28/2025 12:00:00 PM
Kuwait Petroleum subsidiary's acquisition of a 25% stake in China Wanhua Chemical's petrochemical business is valued at $638 MM, Wanhua Chemical said.
Petrochemical Industries Company, a subsidiary of Kuwait Petroleum, announced the deal on Saturday, but did not give a value for the transaction.
PIC's investment is on the petrochemical unit of China's Wanhua Chemical. Citigroup is advising Petrochemical Industries Company on the acquisition.
Comments