LyondellBasell Enters Exclusive Talks with AEQUITA to Sell Four European Assets
LyondellBasell Industries, a global leader in the chemical industry, has announced its entry into an agreement and exclusive negotiations with AEQUITA, a German industrial investment firm, for the sale of select olefins and polyolefins assets in Europe. This strategic move is part of LyondellBasell’s ongoing efforts to reshape its European operations and focus on higher-value opportunities.
The assets under consideration include production facilities located in Berre, France; Münchsmünster, Germany; Carrington, United Kingdom; and Tarragona, Spain. These sites have been part of LyondellBasell’s previously announced European strategic assessment. The transaction is structured as a put option deed, wherein AEQUITA has committed to enter into a purchase agreement if LyondellBasell exercises its option, following the conclusion of required consultation processes with employee representative bodies.
Peter Vanacker, CEO of LyondellBasell, stated, “This contemplated transaction is a significant step in LYB’s transformation to grow and upgrade our core. We are committed to operating our assets safely and reliably throughout this process and will continue to support our customers, employees, and other key stakeholders.” He emphasized that Europe remains a core market for LyondellBasell, with a continued focus on value creation through establishing leadership in circular and renewable solutions.
AEQUITA’s Managing Partner, Christoph Himmel, expressed confidence in the acquisition, highlighting the strong operational foundation and experienced workforce at each site. He stated, “We are confident in our ability to accelerate their development under AEQUITA’s ownership approach. We look forward to welcoming the teams into our group and working collaboratively with all stakeholders to ensure a smooth transition and establish a strong platform for long-term success.”
The transaction is expected to close in the first half of 2026, subject to the completion of information and consultation processes with relevant employee representative bodies, as well as regulatory and other customary closing conditions. Citi and J.P. Morgan Securities LLC are acting as financial advisors, and Linklaters LLP is serving as legal counsel to LyondellBasell in this transaction.
This strategic divestment aligns with LyondellBasell’s broader efforts to focus on sustainable and profitable growth, particularly in areas such as circular and renewable solutions. The company aims to leverage its expertise and resources to drive innovation and value creation in these key areas, reinforcing its commitment to a more sustainable future.
