Petronas sells half of polymers biz to Saudi Aramco for $900m

The Petronas fuel station sign is seen at a petrol station outside Kuala Lumpur, Malaysia, March 1, 2016. REUTERS/Olivia Harris

Malaysia’s Petronas Chemicals Group Bhd (PCG) said on Monday it has sold 50 percent of a polymers unit to Saudi Aramco’s wholly owned subsidiary, Aramco Overseas Holdings Coöperatief U.A. for $900 million.

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