# INEOS O&P USA to acquire Sasol's stake in Gemini HDPE

INEOS O&P USA agreed to acquire Sasol's ownership of Gemini HDPE LLC. Gemini HDPE amended its Term Loan B to $600 million to fund the acquisition, and INEOS will commit to 100% capacity utilization for 15 years.

- Type: Acquisition
- Announced: 2020-11-24
- Where: United States
- Value: $600.0M
- Status: announced
- Products: HDPE (high-density polyethylene)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Sasol](https://endata.com/companies/8322.md) (target)
- [INEOS O&P USA](https://endata.com/companies/19489.md) (acquirer)
- [Gemini HDPE](https://endata.com/companies/51400.md) (target)

## Sources

- [ineos.com](https://www.ineos.com/businesses/ineos-olefins-polymers-usa/news/gemini-hdpe-announces-amendment-and-upsizing-of-existing-term-b-loan/), 2020-12-01: "INEOS O&P USA has agreed principal terms to acquire Sasol’s ownership of Gemini HDPE LLC."
- [ineos.com](https://www.ineos.com/investor-relations/news/gemini-hdpe-announces-amendment-and-upsizing-of-existing-term-b-loan/), 2021-02-24: "INEOS O&P USA has agreed principal terms to acquire Sasol’s ownership of Gemini HDPE LLC"

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