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Kipco to acquire Qurain Petrochemical Industries to strengthen financial standing

RIYADH: Kuwait Projects Co., known as Kipco, expects to acquire Qurain Petrochemical Industries Co. this year, as S&P signals it would struggle to enhance its financial position without the deal. Last March, the two companies signed an agreement to assess a potential merger that would create a firm with a market value of $2.7 billion, according to Bloomberg. ....

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