LyondellBasell Sells Argentina-based Petroken to Grupo Inversor Petroquímica S.L.
February 05 2016 - 3:03PM
PR Newswire (US)
HOUSTON and LONDON, Feb. 5,
2016 /PRNewswire/ -- LyondellBasell (NYSE: LYB), one of
the world's largest plastics, chemical and refining companies,
today announced the completion of the sale of its wholly-owned
subsidiary Petroken Petroquimica Ensenada S.A. (Petroken) to Grupo
Inversor Petroquímica S.L. (GIP) for $184
million. Petroken operates a 180 kiloton plant in Ensenada
and is a leading polypropylene producer in Argentina.
About LyondellBasell
LyondellBasell (NYSE: LYB) is one of the world's largest plastics,
chemical and refining companies and a member of the S&P 500.
LyondellBasell (www.lyb.com) manufactures products at 55 sites in
19 countries. LyondellBasell products and technologies are used to
make items that improve the quality of life for people around the
world including packaging, electronics, automotive parts, home
furnishings, construction materials and biofuels.
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SOURCE LyondellBasell
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