03:06 AM EDT, 08/04/2026 (MT Newswires) -- Mutares (MUX.F) completed its acquisition of the engineering thermoplastics business in the Americas and Europe of Saudi Basic Industries (SASE:2010), d/b/a Sabic. The German private equity company said Tuesday it purchased the Saudi Arabia-based petrochemicals manufacturer's business at an enterprise value of $450 million, marking its largest acquisition to date. Mutares is rebranding the business as NexPoint Materials and, with it, launching its chemicals and materials division.

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