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LyondellBasell enters negotiations with Aequita to sell four European assets

LyondellBasell (LYB) announced that it has entered into an agreement and exclusive negotiations with Aequita for the sale of select olefins & polyolefins assets and the associated business in Europe. The sites to be sold have been part of the previously announced European strategic assessment and are located in France, Germany, UK and Tarragona. The assets and business to be acquired by Aequita include integrated and non-integrated sites within LYB’s European olefins and polyolefins business, as well as supporting central functions based at the company’s Rotterdam headquarters and various locations. The agreement entered into between LyondellBasell and Aequita is a put option deed under which Aequita has committed to enter into an agreed form purchase agreement if LyondellBasell exercises its put option, after conclusion of certain works council consultation processes. Closing of the proposed transaction is currently expected in the first half of 2026, subject to the completion of the information and consultation processes with the relevant employee representative bodies in accordance with applicable laws, as well as regulatory and other customary closing conditions. Citi and J.P. Morgan Securities LLC acted as financial advisors and Linklaters LLP acted as legal counsel to LyondellBasell.

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