Saudi Aramco Weighs Sale of Chemicals Business Arlanxeo

Saudi Aramco is considering a sale of its specialty chemicals business Arlanxeo as part of a broader divestment plan, according to people familiar with the matter. The state-owned energy company has not announced a timeline or valuation for a potential transaction. Arlanxeo is a joint venture between Saudi Aramco and Germany-based LANXESS that produces synthetic rubber and specialty chemicals.

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