# LyondellBasell gets cartel approval for minority stake in APK

Germany's Bundeskartellamt has approved LyondellBasell's planned investment to acquire a 28.2% minority stake in German plastics recycler APK AG. Along with Kirkbi and other investors, a total of €130 million will be invested in APK to expand its production capacity.

- Type: Investment
- Announced: 2023-03-13
- Where: Merseburg, Germany
- Value: $140.0M (130.0M EUR)
- Status: announced
- Products: recycled LDPE, Newcycling technology
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [APK](https://endata.com/companies/43781.md)
- [LyondellBasell](https://endata.com/companies/1444.md) (investor)
- [KIRKBI](https://endata.com/companies/68443.md) (investor)

## Sources

- [euwid-recycling.com](https://www.euwid-recycling.com/news/business/lyondell-basell-gets-cartel-approval-to-acquire-stake-in-apk-070323/), 2023-03-13: "Germany's Bundeskartellamt raised no objections to the Lyondell-Basell's planned investment in APK."

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