LyondellBasell completes sale of select European strategic assessment assets | Web3Wire
ROTTERDAM, Netherlands, Might 01, 2026 (GLOBE NEWSWIRE) — LyondellBasell (NYSE: LYB) immediately introduced that it has efficiently accomplished the sale of choose European olefins and polyolefins belongings, and the related enterprise and company capabilities, to AEQUITA as a key milestone within the firm’s European strategic evaluation. The transaction follows completion of required worker info and session processes and satisfaction of customary regulatory and shutting circumstances.
The divestiture helps the corporate’s technique to develop and improve the core by additional concentrating on belongings and companies with sturdy aggressive benefits and stronger long-term returns, whereas enhancing monetary flexibility and supporting disciplined capital allocation.
The belongings offered within the transaction are situated in Berre (France), Münchsmünster (Germany), Carrington (UK), and Tarragona (Spain). LYB will proceed to function its Superior Polymer Options (APS) enterprise in Tarragona.
“This transaction represents a pivotal achievement in our transformation,” mentioned Peter Vanacker, chief government officer of LyondellBasell. “By finalizing this sale, we have now refined our portfolio and enhanced our capability to allocate capital towards high-return alternatives that contribute to long-term worth creation.”
Vanacker added, “Europe stays an integral marketplace for LYB; we are going to proceed to speculate the place worth creation is powerful, reinforcing our management in specialty polymers, constructing a worthwhile Round & Low Carbon Options enterprise, and advancing our management in expertise and innovation. We prolong our gratitude to our colleagues transferring as a part of this transaction for his or her contributions, professionalism, and resilience all through the method. As they transition to a standalone enterprise beneath AEQUITA possession, we want them and the brand new firm success within the subsequent chapter forward.”
Following immediately’s closing, the divested enterprise will be named and operated as Velogy.
“This closing marks an essential step in constructing a scaled and aggressive European polymers platform, a sector the place we see robust fundamentals and enticing long-term worth creation potential,” mentioned Dr.-Ing. Axel Geuer, AEQUITA-Founder and Chairman. “We thank LyondellBasell for the constructive collaboration all through the method and are excited to start the following step of partnering with Velogy’s staff to strengthen and additional improve the Firm’s main companies to prospects and suppliers.”
LYB stays dedicated to working its remaining belongings safely and reliably and to persevering with to serve prospects and companions with the identical excessive requirements.
Advisors
Citi and J.P. Morgan Securities LLC acted as monetary advisors, and Linklaters LLP acted as authorized counsel to LyondellBasell.
About LyondellBasell
We’re LyondellBasell (NYSE: LYB) ― a pacesetter within the world chemical trade creating options for on a regular basis sustainable dwelling. By superior expertise and targeted investments, we’re enabling a round and low carbon financial system. Throughout all we do, we goal to unlock worth for our prospects, traders, and society. As one of many world’s largest producers of polymers and a pacesetter in polyolefin applied sciences, we develop, manufacture and market high-quality and modern merchandise for functions starting from sustainable transportation and meals security to scrub water and high quality healthcare. For extra info, please go to http://www.lyondellbasell.com or comply with @LyondellBasell on LinkedIn.
About AEQUITA
AEQUITA is a Munich-based industrial group investing in company carve-outs, succession conditions, and transformational alternatives throughout Europe, North America, and Asia. Its portfolio firms generate greater than EUR 10 billion in revenues throughout three segments — automotive, chemical compounds, and industrials — and make use of over 19,000 folks worldwide. Backed by a robust capital base and deep operational experience, AEQUITA acquires and sustainably develops firms with long-term worth creation potential. For extra info, go to http://www.aequita.com.
Media Inquiries LYB World
LyondellBasell Media Relations
Cellphone: +1-713-309-7575
E mail: mediarelations@lyondellbasell.com
Or:
Media Inquiries LYB Europe
Esther Clason, Communications EMEAI
Cellphone: +31 6 388 269 30
E mail: Esther.Clason@lyondellbasell.com
Media Inquiries AEQUITA SE & Co. KGaA
Kolja Hübner, Associate
Gabrielenstr. 9, 80636 Munich
Cellphone: +49 89 2620 4840-0
E mail: contact@aequita.com
Ahead-Wanting Statements LYB
The statements on this launch regarding issues that aren’t historic info are forward-looking statements. Precise outcomes may differ materially primarily based on elements together with, however not restricted to, our potential to align our asset base with our strategic objectives; our potential to create long-term worth for our stakeholders; and our potential to construct a worthwhile Round & Low Carbon Options enterprise. Further elements that would trigger outcomes to vary materially from these described within the forward-looking statements may be discovered within the “Threat Components” part of our Type 10-Ok for the 12 months ended December 31, 2025, which may be discovered at http://www.LyondellBasell.com on the Traders web page and on the Securities and Alternate Fee’s web site at http://www.sec.gov. There isn’t a assurance that any of the actions, occasions or outcomes of the forward-looking statements will happen, or if any of them do, what affect they are going to have on our outcomes of operations or monetary situation. Ahead-looking statements converse solely as of the date they have been made and are primarily based on the estimates and opinions of administration of LyondellBasell on the time the statements are made. LyondellBasell doesn’t assume any obligation to replace forward-looking statements ought to circumstances or administration’s estimates or opinions change, besides as required by regulation.
