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LyondellBasell: Sale of European plants to Aequita is imminent!
LyondellBasell is negotiating with Aequita to sell European assets. Transaction could be completed in 2026.
LyondellBasell: Sale of European plants to Aequita is imminent!
LyondellBasell Industries N.V., a major player in the global chemicals industry based in Houston, Texas, today announced that it has entered into exclusive negotiations with Munich-based financial investor Aequita to sell olefin and polyolefin assets in Europe. The affected locations include Münchsmünster (Germany), Berre (France), Carrington (UK) and Tarragona (Spain) kunststoffweb.de reports that....
These sales negotiations are part of a comprehensive European strategic assessment previously announced by LyondellBasell. The company intends to focus on core growth areas and optimize operations lyondellbasell.com reports that ….
Status of negotiations and future steps
The exact status of the talks has not yet been published. A successful conclusion of the negotiations could take place as early as the first half of 2026, subject to antitrust approvals. However, there is no information about the possible purchase price. Involving Aequita in this process enables the company to expand its industrial presence and rely on the well-established operational structures and experienced employees at the locations mentioned.
Particular attention is also paid to the integrated and non-integrated facilities and supporting central functions, which are primarily located in Rotterdam and other locations. This transaction is led by Citi and J.P. Morgan Securities LLC as financial advisor and Linklaters LLP as legal advisor to LyondellBasell.
Outlook and corporate strategy
LyondellBasell CEO Peter Vanacker emphasized that this step is an essential part of the company's transformation towards a greater focus on sustainable solutions and innovative products. This focus is reflected in the decision to divest strategic assets to improve operational fundamentals and efficiency kunststoffweb.de reports that….
Aequita itself is a Munich-based industrial company that focuses on company sales and transformative situations and is one of the relevant players in the industry with sales of over 3.5 billion euros. The acquisition of LyondellBasell's assets could significantly boost Aequita's growth.
Overall, this transaction will impact not only the companies involved, but also the regional markets that depend on these assets. LyondellBasell plans to hold a conference call on June 5, 2025 to discuss further details and resolve questions. A replay of the conference will be available from June 5th to July 5th, 2025 lyondellbasell.com reports that ….