LyondellBasell Industries has agreed to sell its Ethylene Oxide & Derivatives business along with the production facility located in Bayport, Texas to INEOS Oxide for $700 million. The transaction, announced Dec. 8, is expected to close in the second quarter of 2024. LyondellBasell was advised by a King & Spalding deal team including partners Jonathan B. Newton and Heath C. Trisdale. Counsel information for INEOS Oxide, which is based in London, was not immediately available.
Industrial, Chemicals & Materials
December 11, 2023, 10:54 AM