LyondellBasell in talks to sell some European assets to AEQUITA
June 5 (Reuters) - Chemical maker LyondellBasell LYB.N said on Thursday it is in exclusive talks with Munich-based investment firm AEQUITA for the sale of certain olefin and polyolefin assets in Europe.
LyondellBasell launched a strategic review of its European operations last year in a bid to navigate macroeconomic volatility.
Chemical companies have been struggling due to weaker demand and rising raw material costs, especially in Europe. A rigorous regulatory landscape is also compelling businesses to reassess their approach in the region.
The sites to be sold are located in France, Germany, UK, and Spain and were part of previously announced strategic assessments, the company said.
The companies have signed an agreement, a so-called 'put option deed', under which AEQUITA will enter a form purchase agreement if LyondellBasell exercises its put option after the conclusion of certain works council consultation processes.
The proposed deal is expected to close in the first half of 2026.
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