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Deals Rumor Mill: Saudi Aramco, Grindr, Renault

By Benjamin Horney (March 27, 2019, 2:29 PM EDT) -- Saudi Arabian Oil Co., or Saudi Aramco, has agreed to pay roughly $69.1 billion for a majority stake in petrochemical company Saudi Basic Industries Corp., according to a Wednesday report from Reuters. According to the report, Aramco is buying a 70 percent stake in SABIC from Saudi Arabia's Public Investment Fund. Rumors that Saudi Aramco was looking to buy the 70 percent stake date back to November....

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