ANALYSIS: Market warms to GE Plastics sale
The $11,600 million acquisition of the US' GE Plastics by Saudi Basic Industries Corporation (Sabic) on 21 May has been met with exactly the reaction in Washington that Sabic must have been hoping for. The muted response allayed fears that it would create a backlash similar to the political storm last year when Dubai-based DP World bought P&O's ports in the US.
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