Saudi's Tasnee signs 1.8 bln riyal deal to raise Cristal unit stake

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DUBAI, Dec 7 (Reuters) - Saudi Arabia's National Industrialization Co (Tasnee) has completed a 1.8 billion riyal ($480 million) deal to raise its majority stake in its Cristal subsidiary by a further 13 percentage points, it said in a statement on Sunday. The transaction, in which Tasnee will acquire the stake from Gulf Investment Corp, is in line with the company's strategy to maximise its stakes in its subsidiaries, the statement said. The move, completed on Dec. ...

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