Redcliffe Partners advised SABIC on obtaining merger clearance in Ukraine for the largest ever M&A deal
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Redcliffe Partners has advisedSaudi Basic Industries Corporation (SABIC) on obtaining merger clearance fromthe Ukrainian competition authority for the sale of 70% of the shares to SaudiArabian Oil Company (Saudi Aramco), for a total purchase price of USD 69.1billion. The seller of the shares was the Public Investment Fund of SaudiArabia (PIF), the sovereign wealth fund of the Kingdom of Saudi Arabia.
This transaction is thelargest ever M&A deal in the Kingdom of Saudi Arabia and the Middle Eastby deal value.
Redcliffe Partners’ team working on the transaction consisted ofpartner Anastasia Usova, senior associate Nataliya Kovalyova and associateTetyana Smurova.
SABIC is a globalleader in diversified chemicals headquartered in Riyadh, Saudi Arabia. Itmanufactures on a global scale in the Americas, Europe, Middle East and AsiaPacific, making distinctly different kinds of products: chemicals, commodityand high performance plastics, agri-nutrients and metals. The company hasoperations in over 50countries with a global workforce of over 33,000 employees.
Saudi Aramco is aleading producer of energy and chemicals. Saudi Aramco is represented in thethree major global energy markets of Asia, Europe and North America, with morethan 70,000 workers worldwide.