Lyondellbasell Industries Rumor Shares act on Thursday a higher premarket. The company has taken an agreement and exclusive negotiations with Aequita with regard to the sale of certain European Olefines and polyolefines assets and activities for an unknown amount.
The assets and operations that must be taken over by Aequita include both integrated and stand-alone facilities within the European Olefines and Polyolefines segment of Lyondellbasell.
These assets include facilities in Berre, France; Munichsmünster, Germany; Carrington, United Kingdom; And Tarragona, Spain.
Together these facilities are a large and strategically positioned platform, located near an established customer base and offer strong access to essential infrastructure and logistics networks.
In particular, Lyondellbasell and Aequuita have concluded a put option agreement, including Aequita to continue with a pre-purchasing contract if Lyondellbasell chooses to exercise his option, after completing the required consultation with employee representatives.
The transaction is expected to close in the first half of 2026, pending the conclusion of these consultation processes and usual closing conditions.
Peter VanackerSaid the Chief Executive Officer of Lyondellbasell: “This consideration is an important step in LYB’s transformation to grow and upgrade our core.”
“Europe remains a core market for LYB and one will continue to participate in following this transaction with more focus on value creation by establishing profitable leadership in circular and renewable solutions.”
In May, Lyondellbasell unveiled a three -month dividend of $ 1.37 per share, an increase of 3 cents per share for the first quarter of the 2025 company, affordable on 9 June 2025, to shareholders of record date from 2 June 2025.
In April, the company achieved the turnover of the first quarter of $ 7.677 billion, topping estimates of $ 7.47 billion, while adapted profit per share was 33 cents and the consensus of 43 cents missed.
Investors can get the share through exposure via exposure Amplify ETF Trust Amplify Natural Resources Dividend Income ETF NDIV And WBI Power Factor High Dividend ETF WBIY.
Price promotion: LYB shares have risen by 0.18% at $ 56.11 premarket on the last check Thursday.
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