Saudi’s BCI Signs LoI to Acquire 49% Stake in UAE’s Union Chlorine
Basic Chemical Industries Co. (BCI) signed a non-binding letter of intent (LoI) with the companies owning Union Chlorine LLC for the acquisition of a 49% stake, according to a stock exchange filing. The financial details of the deal were not disclosed. Union Chlorine LLC is a chlor-alkali manufacturer based in Abu Dhabi, United Arab Emirates. … Read more