Update: Market Chatter: Dow Inc. Explores Exit from Chemical Manufacturing JV with Saudi Aramco
(Updates with Aramco's statement)Dow Inc. (DOW.VI) is reportedly exploring a sale of its stake in its chemical manufacturing joint venture with Saudi Arabian Oil Co (SASE:2222), d/b/a Saudi Aramco, Bloomberg News wrote Wednesday, citing people familiar with the matter.The sources reportedly said the US materials science company's sale of the Sadara Chemical Co stake could attract strategic or financial investors, as well as Aramco, which could look to increase its own stake. However, no final decisions have been made, and Dow could decide not to pursue the sale.Aramco declined to comment, while Dow did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
