SIDPEC acquires 20% stake in chemicals company CCI

M&A WATCH- SIDPEC acquires 20% stake in local chemicals company: Sidi Kerir Petrochemicals Company (SIDPEC) has entered into a preliminary agreement to acquire 20% of Solvay Alexandria Sodium Carbonate (CCI), according to a domestic media report citing unnamed company sources. SIDPEC had said last week that it intends to acquire a local petchem company, but had not offered any other details on the transaction.