Dow Inc. (NYSE:DOW) is considering options for its stake in a $20 billion chemicals venture with Saudi Aramco, including a potential exit, Bloomberg News reported, citing people familiar with the matter.
According to the report, the review forms part of Dow’s efforts to restructure its portfolio during a prolonged downturn in the chemicals industry.
Dow held a 35% stake in Sadara Chemical Co. as of last year, with Saudi Aramco owning the remaining interest.
Saudi Aramco could consider Dow stake
Saudi Aramco could potentially acquire Dow’s holding and increase its ownership of the venture, according to the people cited by Bloomberg.
The report said other strategic or financial investors could also submit bids for Dow’s stake.
No final decision has been made, and Dow could ultimately decide not to proceed with a transaction, the people said.
The sources were not identified because the discussions are confidential.
Dow Inc stock price
