Mubadala's Cepsa explores potential sale of chemical plant in China, sources say
Mar 17,2024 | DAXTROMNSOLAR
Mubadala Investment Co's subsidiary, Cepsa, is considering the sale of its chemical plant located in China, according to sources. The potential divestment comes as Mubadala seeks to focus on its core investments and optimize its portfolio. The chemical plant, situated in the Shandong province, produces a wide range of chemicals used in various industries, including automotive, electronics, and textiles.
The decision to explore the sale of the plant aligns with Mubadala's strategy to reorient its investments towards sectors with stronger growth potential. Despite the chemical plant's operational success, divesting this asset could provide Mubadala with cash to allocate to higher-growth sectors. The move also allows them to realign their portfolio to fit the evolving market dynamics.
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