The European Commission has officially cleared the proposed acquisition of sole control over SABIC Europe B.V. by Germany-based industrial investor AEQUITA Management SE under the EU Merger Regulation. Valued at $500 million, the transaction primarily involves the chemicals and petrochemicals sectors, marking a major milestone in the consolidation of Europe's olefins and polyolefins landscape.

Brussels approved the deal following an assessment under the simplified merger review procedure. The Commission concluded that the transaction raises no antitrust or competition concerns due to the companies' limited combined market position within the European single market.

The acquisition covers the European Petrochemicals activities of Saudi Basic Industries Corporation (SABIC), which is ultimately controlled by Saudi Aramco. The divested assets comprise key manufacturing facilities located in Teesside (United Kingdom), Geleen (the Netherlands), Gelsenkirchen (Germany), and Genk (Belgium).

These operations produce and market essential chemical materials, including ethylene, propylene, low- and high-density polyethylene, polypropylene, and value-added polymer compounds. Altogether, the business employs roughly 1,900 people and generates approximately $3.5 billion in annual sales.

For AEQUITA, securing this regulatory green light represents a strategic expansion of its broader chemical platform. The German investment firm plans to integrate SABIC Europe’s operations into its newly launched platform, Velogy, which recently absorbed petrochemical assets previously acquired from LyondellBasell.

The combined entities are expected to unlock meaningful cost and supply chain synergies while optimizing customer channels across Western Europe. The transaction is projected to officially close by the end of 2026.