News
29 June 2020

BP sells petrochemical business to Ineos for $5bn

In:
Chemicals/Petrochemicals
Region:
Europe

BP has sold its petrochemicals business to Ineos in a £4.1 billion ($5 billion) deal that will boost the oil company’s under-pressure balance sheet.Ineos, a British petrochemicals company, will immediately pay BP a deposit of $400 million, followed by $3.6 billion when the deal...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
01 December 2025

A benchmark in ECA shopping line credits

Euler Hermes’ inaugural shopping line credit under the German government’s new framework heralds a new era in German export finance. The bespoke solution — originated,...

Interview
05 December 2025

Adaptability in action with BU President Akita

Yuichiro Akita, President of the Berne Union and senior general manager, international strategic policy, at Nippon Export and Investment Insurance (NEXI) discusses the...