Dow weighs exit from $20 billion partnership with Aramco: Report

Dow is considering exiting its $20 billion chemicals ??partnership with Saudi Aramco , Bloomberg News reported on Wednesday, citing people familiar ‌with the matter. 

Shares ​of Dow ​were up nearly 5% in ​premarket trading.

 The joint venture, Sadara Chemical Co, operates a complex in the Saudi city of Jubail ​with annual production capacity ‌of over 3 million metric tons of ​chemicals and plastics.

 The chemicals maker holds a minority stake in the venture, and ‌Aramco could ​potentially use ‌the opportunity to acquire Dow's stake ‌and ??increase its ownership, the report ​added.

 Other strategic or financial investors could also bid for Dow's ​holding, the report said, adding that no final ‌decisions have been made.

 

 Dow and Aramco did ‌not immediately respond to Reuters requests for comment.