Sabic offloads petrochemicals and plastics plants in Europe and Americas
By 
Anthony King2026-01-27T10:23:00
German private equity firms Aequita and Mutares aim to return struggling plants to profitability
Saudi Basic Industries (Sabic) has sold its petrochemical plants in Europe and its thermoplastics business in Europe and the Americas to private equity firms.
German equity investor Mutares has agreed to buy the thermoplastics business for an implied value of $450 million (£330 million), while Aequita (also based in Germany) will buy the European petrochemicals business for $500 million. Both deals are structured to include little or no upfront cost for the buyers, with Sabic instead receiving a share of future earnings.