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Stock Market & Financial Investment News

News Breaks
March 20, 2013
05:55 EDTLYB, LYBLyondellBasell management to meet with RBC Capital
Tour of company plant to be held in the Southwest on March 22 hosted by RBC Capital.
News For LYB From The Last 14 Days
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August 18, 2015
09:02 EDTLYBLyondellBasell announces sale of Argentina-based Petroken
LyondellBasell announced that YPF S.A. and Grupo Inversor Petroquimica S.L. have accepted an offer to purchase LyondellBasell's Argentina-based, wholly-owned subsidiary Petroken Petroquimica Ensenada S.A. The sale is expected to close in late 2015 following Brazilian antitrust authority approval. The transaction is valued at $145M on a debt and cash free basis. Based on working capital estimates as of June 30, 2015, expected cash proceeds are $162M. Petroken operates a 180 kiloton polypropylene plant in Ensenada and is a leading polypropylene producer in Argentina.

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