Dow Chemical Considers Legal Options Against Kuwait

According to the Wall Street Journal, “Dow Chemical Co. said it would pursue legal, operational and financial avenues to enforce its rights under a failed $17.4 billion joint-venture deal with Kuwait’s Petrochemical Industries Inc.

At the same time, Dow said that it has been approached by other potential business partners and that it has been in discussions regarding some of the operations that were slated to be part of the Kuwait deal, such as the basic plastics business that was its centerpiece.

The Midland, Mich., chemicals giant was notified Dec. 31 that Petrochemical Industries was scuttling their K-Dow venture just days before its launch.”

read more: Wall Street Journal



Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute


 
institutional investor investment mandates