Sabic has signed two strategic divestment agreements to sell its European Petrochemicals business to Aequita and its Engineering Thermoplastics business in the Americas and Europe to Mutares, for a combined enterprise value of $950 million.

The European Petrochemicals deal is valued at $500 million, while the Engineering Thermoplastics transaction is valued at $450 million, with potential additional value through an earn-out mechanism linked to future performance.