LyondellBasell has signed an agreement on exclusive negotiations with the Munich-based industrial holding company Aequita. The focus is on the sale of four European olefin and polyolefin sites in France, Germany, the UK and Spain.
The global chemicals group LyondellBasell (LYB) has announced that it has entered into exclusive negotiations with the German industrial group Aequita. The deal involves the sale of four European production sites for olefins and polyolefins, including:
- Berre (France)
- Münchsmünster (Germany)
- Carrington (Great Britain)
- Tarragona (Spain)
These assets were part of the previously communicated strategic review of LYB's European business.
Focus on profitable core business and circular solutions
With the planned transaction, LyondellBasell is pursuing its strategy of focussing the business on profitable core areas and sustainable solutions. The sites concerned comprise integrated and non-integrated plants in the olefins and polyolefins sectors, supplemented by centralised support functions, including from the LYB headquarters in Rotterdam.
Aequita plans further industrial development
The Aequita Group, known for its investments in medium-sized industrial companies in Europe, plans to continue developing the sites under its own management. The aim is to closely involve the workforce and ensure a smooth handover - subject to the legally required information and consultation procedures with employee representatives, according to the statement.
The closing of the transaction will in the first half of 2026 expected.
Source: LyondellBasell
