DivestmentMay 1, 2026, 05:17 AM
LYB Completes Sale of European Olefins & Polyolefins Assets to AEQUITA
AI Summary
LyondellBasell (LYB) announced the successful completion of the sale of select European olefins and polyolefins assets, and associated business functions, to AEQUITA. This divestiture is a key milestone in the company’s European strategic assessment, aligning with its strategy to concentrate on core assets with durable competitive advantages and stronger long-term returns. The divested business will now operate as Velogy, while LYB continues to invest in specialty polymers and circular solutions in Europe.
Key Highlights
- LyondellBasell (LYB) completed the sale of select European olefins and polyolefins assets to AEQUITA.
- The divested assets are located in Berre (France), Münchsmünster (Germany), Carrington (UK), and Tarragona (Spain).
- The transaction supports LYB's strategy to focus on core assets with durable competitive advantages and stronger long-term returns.
- The divested business will now operate under the name Velogy.
- LYB will continue to operate its Advanced Polymer Solutions (APS) business in Tarragona.
- The company aims to enhance financial flexibility and support disciplined capital allocation.