Sidi Kerir Petrochemicals Company (Sidpec) held a board meeting to discuss acquiring one of the Egyptian chemicals’ companies, Egypt Oil & Gas reports.

The meeting will discuss ways to facilitate Sidpec’s normal operations, stated Khaled El Basoumy, the company’s financial control manager.

EL Basoumy’s statement came in a letter sent to the Egyptian Stock Market (EGX) to inform them with the meeting agenda.

The statement letter didn’t mention the company sought for acquisition or any details about the transaction.