(MENAFN) Saudi Arab Petroleum Investments Corporation (Apicorp) said that it has plans to buy an additional 10 percent stake in Egypt's EMethanex, The Peninsula Qatar reported.
Apicorp will buy the 10 percent stake for USD110 million from the Canadian majority shareholder, Methanex.
"We are pleased to expand our direct equity participation in EMethanex, a company that has over the last decade developed into an important methanol production hub," Apicorp Chief Executive and General Manager said.
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