INEOS to acquire Sasol's 50% stake in Gemini HDPE for $404M

INEOS Olefins and Polymers USA agreed to acquire Sasol Chemicals North America LLC's 50% equity stake in Gemini HDPE LLC for $404 million, making INEOS the sole owner of the plant in La Porte, Texas. The acquisition is expected to close on December 31, 2020.

“INEOS Olefins and Polymers USA announced in a press release that it has agreed to acquire Sasol Chemicals North America LLC’s 50% equity stake in Gemini HDPE LLC for $404m.”chemorbis.com

• 2 sources
• chemorbis.comINEOS to acquire Sasol’s 50% share in Gemini HDPE | ChemOrbisChemOrbis Editorial TeamNov 23, 2020
• listcorp.comDivestment by Sasol Chemicals North America LLC of its 50% equity interest in Gemini HDPE LLC - Sasol Limited (JSE:SOL) - Listcorp.Nov 24, 2020

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