LyondellBasell to acquire 35% stake in NATPET for $500M

LyondellBasell has entered into an agreement to acquire a 35% interest in Saudi Arabia-based NATPET from Alujain Corporation for approximately $500 million. The joint venture will use LYB's Spheripol PP technology.

“This investment in NATPET reflects our strategy of growing and upgrading our core around a”lyondellbasell.com

• 3 sources
• lyondellbasell.comLYB Enters into agreement to acquire 35% of Saudi Arabia-based NATPET; expands core PP businessJan 16, 2024
• linknovate.comLinknovate | Mergers and Acquisition Activity in NonwovensLinknovateJan 22, 2024
• lyondellbasell.comLyondellBasell reports 2023 earningsFeb 2, 2024

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