LyondellBasell (LYB) has recently announced that it has entered into an agreement with Aequita for the sale of select olefins & polyolefins assets and the associated business in Europe. The sale includes sites located in Berre (France), Münchsmünster (Germany), Carrington (UK), and Tarragona (Spain). This is part of LyondellBasell's transformation strategy to grow and upgrade its core operations.
The assets and business to be acquired by Aequita include integrated and non-integrated sites within LyondellBasell’s European olefins and polyolefins business, as well as supporting central functions based at the company’s Rotterdam headquarters and various locations.
The proposed transaction is expected to close in the first half of 2026, subject to the completion of the information and consultation processes with the relevant employee representative bodies, as well as regulatory and other customary closing conditions.
During the investor conference call, it was announced that LyondellBasell will host a conference call on June 5 at 8 a.m. EDT. Participants on the call will include Chief Executive Officer Peter Vanacker, Executive Vice President and Chief Financial Officer Agustin Izquierdo, Executive Vice President of Global Olefins and Polyolefins Kim Foley, and Head of Investor Relations Dave Kinney.
LyondellBasell is a leader in the global chemical industry and aims to enable a circular and low carbon economy. As one of the world's largest producers of polymers and a leader in polyolefin technologies, the company develops, manufactures, and markets high-quality and innovative products for various applications. The market has reacted to these announcements by moving the company's shares -0.41% to a price of $55.78. For more information, read the company's full 8-K submission here.
