LyondellBasell in Exclusive Talks to Sell Four European Assets to AEQUITA
LyondellBasell Industries N.V. (NYSE:LYB) has announced it has reached an agreement and entered exclusive negotiations with AEQUITA to sell select olefins and polyolefins assets and operations in Europe. These assets, previously identified as part of LYB's strategic review, are located in Berre (France), Münchsmünster (Germany), Carrington (UK), and Tarragona (Spain).
A factory worker monitoring a conveyor belt of specialty chemicals being produced.
The deal includes both integrated and standalone facilities, along with central support functions based in Rotterdam and other locations. These sites form a sizable olefins and polyolefins platform well-positioned near key customers and connected to essential infrastructure.
Peter Vanacker, LyondellBasell Industries N.V. (NYSE:LYB)'s chief executive officer, made the following comment:
'This contemplated transaction is a significant step in LYB's transformation to Grow and Upgrade our Core. We are committed to operate our assets safely and reliably throughout this process and will continue to support our customers, employees and other key stakeholders. Europe remains a core market for LYB and one we will continue to participate in following this transaction with more of a focus on value creation through establishing profitable leadership in circular and renewable solutions.'
The transaction is expected to close in the first half of 2026, pending consultation with employee representatives and regulatory approvals. Citi and J.P. Morgan Securities LLC are serving as financial advisors, with Linklaters LLP acting as legal counsel for LyondellBasell.
LyondellBasell Industries N.V. (NYSE:LYB) is a global leader in the chemical industry, focused on advancing sustainable solutions and supporting a circular, low-carbon economy through innovation and investment.
While we acknowledge the potential of LYB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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