Dow Considers Exit From $20 Billion Aramco Chemicals Venture

Dow Inc. is evaluating how it might exit its stake in a $20 billion chemicals partnership with Saudi Aramco, according to Bloomberg News, which cited people familiar with the matter. The possible move would support the U.S. company's drive to restructure its portfolio while the chemical sector faces a prolonged downturn.

As of last year, Dow held a 35% stake in the venture, known as Sadara Chemical Co. Saudi Aramco, which owns the remainder, could use this opportunity to purchase Dow's interest and boost its ownership, according to the sources.

Other strategic or financial investors could also submit bids for Dow's holding, the sources noted. No final decisions have been made, and the company might eventually choose not to pursue a transaction, according to the same individuals.

The sources requested anonymity because the talks are confidential.

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