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...

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