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Stock Market & Financial Investment News

News Breaks
August 13, 2014
06:51 EDTLYBLyondellBasell board authorizes interim dividend of 70c
The dividend will be paid September 8 to shareholders of record on August 25, with an ex-dividend date of August 21.
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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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