Follow-up: Petchems giant confirms sale of Argentine PP producer Petroken to YPF
LyondellBasell (Houston, Texas / USA; has officially confirmed the sale of its Argentine subsidiary Petroken (Ensenada; to state-owned oil and gas group YPF (Buenos Aires / Argentina; and Grupo Inversor Petroquimica (for more detailed coverage, see of 12.08.2015). The USD 145m deal on a debt and cash free basis is expected to close in late 2015, following approval by the relevant antitrust authorities.

The two buyers already own a 92% stake in the Latin American country’s sole other PP producer, Petroquimica Cuyo (Lujan de Cuyo / Argentina;’s Polyglobe capacity database ( shows that Petroken operates a 180,000 t/y PP line as well as a 20,000 t/y compounding facility, while Petroquimica Cuyo runs a 130,000 t/y PP line.

20.08.2015 [232013-0]
Published on 20.08.2015
LyondellBasell: Verkauf von Petroken bestätigtGerman version of this article...

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