May 2002

Loss Prevention/Management

International Informer

SABIC is acquiring DSM Petrochemical (DPC). All DPC shares, associated DPC participations, sales activities and related technology positions, patents and trade names will be transferred..

Jackson, Kim M., Hydrocarbon Processing Staff

SABIC is acquiring DSM Petrochemical (DPC). All DPC shares, associated DPC participations, sales activities and related technology positions, patents and trade names will be transferred retroactively to Jan. 1, 2002. The sale is scheduled to close June 2002. The total consideration is $2.25 billion euros; half will be paid at closing and the other half, 4.5 years after closing. The European Commission and other outside regulatory agencies must approve the sale. Reportedly, this transaction is a step toward SABIC's strategy to increase its global petrochemicals business. It also realizes DSM's strategy to develop into a

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