$500 million! Leander Basel acquires a 35% stake in Saudi Arabia’s NATPET company
LyondellBasel (LYB) announced the acquisition of a 35% stake in Saudi Arabia’s National Petrochemical Industries Company (NATPET) from Alujain for approximately $500 million. Powered by Spheripol polypropylene (PP) technology, the joint venture will enable LYB to gain access to advantageous feedstocks and additional product marketing capabilities in strategic locations to grow and enhance its core…