# INEOS to acquire BP's global aromatics and acetyls business for $5 billion

INEOS announced its intention to acquire BP's global Aromatics and Acetyls business for a consideration of $5 billion. The business includes 15 sites worldwide and 10 joint ventures, extending INEOS's position in global petrochemicals.

- Type: Acquisition
- Announced: 2020-06-29
- Value: $5.00B
- Status: announced
- Products: PTA, paraxylene, acetic acid, aromatics, acetyls
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [BP](https://endata.com/companies/1131.md)
- [BP](https://endata.com/companies/1131.md) (target)
- [INEOS](https://endata.com/companies/9807.md) (acquirer)

## Sources

- [ineos.com](https://www.ineos.com/news/ineos-group/ineos-to-acquire-bps-global-aromatics-and-acetyls-business/), 2020-06-29: "INEOS has announced its intention to acquire BP’s global Aromatics and Acetyls business for a consideration of $5 billion."
- [processonline.com.au](https://www.processonline.com.au/topic/business/sub/distributorships-acquisitions?page=5), 2020-07-13: "The sale of the company's global petrochemicals to UK chemical company INEOS will include 16 plants worldwide, for a total consideration of US$5 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.