"We believe this transaction offers significant value for Lyondell's shareholders," said Dan F. Smith, Chairman, President and Chief Executive Officer of Lyondell.
"We are very pleased that Basell recognizes the value and fit of our portfolio of chemical and refining assets. Basell and Lyondell share a common vision for continued success, and the combination of our companies will enhance our opportunities."
The transaction is subject to customary closing conditions, including regulatory approvals and the approval of Lyondell shareholders. This transaction is expected to close within the next several months and is not subject to financing.
Lyondell Chemical Company
marketing@alchempro.com
