-- Saudi Basic Industries Corporation--also known as Sabic--is exploring an initial public offering for its gas business amid a broader operational review, Bloomberg said, citing unnamed sources.
-- The Saudi Arabian chemicals giant is in early-stage talks with potential advisers, including Lazard Inc, HSBC Holdings, JPMorgan Chase & Co and Morgan Stanley, according to Bloomberg.
-- Representatives for Lazard, HSBC, JPMorgan and Morgan Stanley declined to comment and Sabic did not respond to a request for comment, Bloomberg said.
Full story: https://shorturl.at/7bSba
Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
May 19, 2025 01:52 ET (05:52 GMT)
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