LyondellBasell has offloaded three of its European assets to private equity firm Aequita. The divestments are part of the companys portfolio restructuring in Europe.
Private equity buyers have been acquiring chemical assets from larger producers seeking to focus on core businesses or exit higher-cost European operations. Aequita specializes in acquiring and developing industrial businesses.
The transaction reflects a broader trend of asset ownership changes in the European chemical sector, where high energy costs and competitive pressures are prompting strategic reviews.
