Strategic Shift for LyondellBasell

The assets included in the sale are located in Berre, France; Münchsmünster, Germany; Carrington, UK; and Tarragona, Spain. This decision reflects LyondellBasell’s strategic realignment, focusing on core growth areas and enhanced value creation.

This contemplated transaction is a notable step in LYB’s transformation to grow and Upgrade our Core. We are committed to operate our assets safely and reliably throughout this process and will continue to support our customers, employees and other key stakeholders.
Peter Vanacker, LyondellBasell chief executive officer

Vanacker emphasized that Europe remains a crucial market for LyondellBasell. Europe remains a core market for LYB and one we will continue to participate in following this transaction with more of a focus on value creation through establishing profitable leadership in circular and renewable solutions.

AEQUITA’s Expanding Industrial Footprint

AEQUITA’s acquisition includes integrated and non-integrated sites within LyondellBasell’s European olefins and polyolefins business. Supporting central functions based at the company’s Rotterdam headquarters and various locations are also part of the deal.

The acquired sites represent a strategically located platform with proximity to a longstanding customer base and access to key infrastructure.

The acquisition of these assets from LYB marks another critically important step in expanding our industrial footprint. Each site brings a strong operational foundation and a highly experienced, committed employee base.We are confident in our ability to accelerate their development under AEQUITA’s ownership approach.We look forward to welcoming the teams into our Group and to working collaboratively with all stakeholders to ensure a smooth transition and establish a strong platform for long-term success.
Christoph Himmel, Managing Partner at AEQUITA

Transaction Details and Timeline

The agreement is structured as a put option deed. AEQUITA is committed to entering into a purchase agreement if LyondellBasell exercises its put option, following works council consultation processes.

the closing of the proposed transaction is expected in the first half of 2026. This is subject to the completion of details and consultation processes with relevant employee representative bodies, regulatory approvals, and other customary closing conditions. Citi and J.P. Morgan securities LLC are serving as financial advisors, and Linklaters LLP is the legal counsel to LyondellBasell.

Investor Conference Call

LyondellBasell hosted a conference call on June 5 at 8 a.m. EDT. Participants included Chief Executive Officer Peter Vanacker, Executive vice President and Chief Financial Officer Agustin Izquierdo, Executive Vice President of Global Olefins and Polyolefins Kim Foley, and Head of Investor Relations Dave Kinney.

slides and a webcast accompanying the call are available at investors.lyondellbasell.com/events-and-presentations/. A replay of the call will be available until July 5, 2025, accessible via toll-free dial-in numbers 1-877-660-6853 and 201-612-7415, with access ID 13754240.

About the Companies

LyondellBasell (NYSE: LYB): A global leader in the chemical industry, creating solutions for sustainable living through advanced technology and focused investments. LyondellBasell is one of the world’s largest producers of polymers and a leader in polyolefin technologies. For more information, visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

AEQUITA: A Munich-based industrial group investing in special situations across Europe, with a portfolio generating over EUR 3.5 billion in revenues. AEQUITA focuses on long-term value enhancement through operational engagement. For more information, visit www.aequita.com.

Media Contacts

LyondellBasell Global:
Phone: +1-713-309-7575
Email: mediarelations@lyondellbasell.com

LyondellBasell Europe:
Robert Kleissen,External Affairs Europe
Phone: +31-6-273-573-98
Email: robert.kleissen@lyondellbasell.com

AEQUITA:
Simon Schulz, Partner
Phone: +49-89-2620-4840-0
Email: contact@aequita.com

Forward-Looking Statements

This release contains forward-looking statements subject to risks and uncertainties. Actual results may differ materially due to factors including the ability to align assets with strategic goals, successfully complete transactions, complete consultation processes, and satisfy closing conditions. Refer to the “Risk Factors” section of LyondellBasell’s Form 10-K for the year ended December 31, 2024, available at www.LyondellBasell.com and www.sec.gov. LyondellBasell does not assume any obligation to update forward-looking statements.