LyondellBasell sells EO&D business and Bayport plant to INEOS for $700M

LyondellBasell Industries N.V.

Purchase price $700M; includes ethylene oxide & derivatives business and Bayport, Texas facility.
Transaction expected to close in Q2 2024 after completion of planned maintenance.
Sale subject to regulatory approvals and other customary closing conditions.
EO&D business identified as non-core under LyondellBasell's strategy announced March 2023.

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