LYB Jan 2024 119.800 call
| Previous Close | 0.0500 |
| Open | 0.0500 |
| Bid | 0.0000 |
| Ask | 0.3000 |
| Strike | 119.80 |
| Expire Date | 2024-01-19 |
| Day's Range | 0.0500 - 0.0500 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 329 |
ReutersLyondellBasell to sell Bayport ethylene oxide unit to INEOS for $700 million
The transaction is expected to close in the second quarter of 2024, following the completion of planned maintenance at the facility and regulatory approval, the company said in a filing. LyondellBasell had said in March that it was exploring strategic options to sell its U.S. Gulf Coast-based ethylene oxide and derivatives business, saying it was not a business "where the company seeks a leading long-term position". Tobias Hannemann, CEO of INEOS Oxide, said the purchase complements the company's existing ethanolamines production facility in Plaquemine, Louisiana.
- Reuters
UPDATE 2-LyondellBasell to sell Bayport ethylene oxide unit to INEOS for $700 mln
LyondellBasell said on Friday it has entered into an agreement to sell its production facility and associated business at Bayport, Texas to chemical maker INEOS Oxide for $700 million. The transaction is expected to close in the second quarter of 2024, following the completion of planned maintenance at the facility and regulatory approval, the company said in a filing. LyondellBasell had said in March that it was exploring strategic options to sell its U.S. Gulf Coast-based ethylene oxide and derivatives business, saying it was not a business "where the company seeks a leading long-term position".
PR NewswireLyondellBasell Announces Sale of Ethylene Oxide & Derivatives Business and Production Facility to INEOS
LyondellBasell (LYB) today announced it has entered into an agreement to sell its Ethylene Oxide & Derivatives (EO&D) business along with the production facility located in Bayport, Texas to INEOS Oxide (INEOS).
