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Sidpec, Ethydco merger to finalize next month

The all-share merger between state-owned Egyptian Ethylene and Derivatives Company (Ethydco) and Sidi Kerir Petrochemicals (Sidpec) is set to be completed next month, Al Borsa News reported citing unnamed sources familiar with the matter.

Updated 9/24/2024 11:11:00 AM
Sidpec-Ethydco merger returns to financial evaluation stage

The all-share merger between state-owned Egyptian Ethylene and Derivatives Company (Ethydco) and Sidi Kerir Petrochemicals (Sidpec) has returned to the financial evaluation stage.

Updated 8/7/2024 7:51:00 AM
ETHYDCO reports 34% YoY surge in revenues in 2023

The Egyptian Ethylene and Derivatives Company (ETHYDCO) has registered a 34% year-on-year (YoY) climb in its revenues in 2023, CEO Hesham Riyad announced.

Updated 3/26/2024 10:03:00 AM
Sidpec postpones acquisition of ETHYDCO

The postponement will be until finalizing procedures for a strategic investor studying the acquisition of stake in ETHYDCO through the partial exit of some of the company’s shareholders.

Updated 9/21/2023 10:50:00 AM
ETHYDCO to borrow $250M from UAE’ Mashreq Bank

Egyptian Ethylene and Derivatives Company (ETHYDCO) is seeking to get a $250 million loan from UAE’s Mashreq Bank to settle USD-debt to local banks.

Updated 8/9/2023 12:08:00 PM
Sidpec’s board nods to acquisition of ETHYDCO via share swap

Sidi Kerir Petrochemicals Company’s (Sidpec) board has approved the financial evaluation study conducted on a proposal for the acquisition of the Egyptian Ethylene and Derivatives Company (ETHYDCO) via share swap.

Updated 7/17/2023 10:47:00 AM