Linklaters advises LyondellBasell on agreement and exclusive negotiations with Aequia

Linklaters has advised LyondellBasell on the entry into an agreement and exclusive negotiations with Aequita SE & Co. KGaA (Aequita) for the sale of select olefins & polyolefins assets and the associated business in Europe. The sites to be sold have been part of the previously announced European strategic assessment and are located in Berre (France), Münchsmünster (Germany), Carrington (UK), and Tarragona (Spain).

The assets and business to be acquired by Aequita (an industrial group based in Munich) include integrated and non-integrated sites within LyondellBasell’s European olefins and polyolefins business, as well as supporting central functions based at the Company’s Rotterdam headquarters and various locations. Closing of the proposed transaction is currently expected in the first half of 2026.

The cross-practice and cross-jurisdictional team was led by M&A Partners Chris Staples and Namrata Shah who were supported by M&A Managing Associate Richard Ness. 

The broader team included, amongst others, TMT Partner Georgina Kon, Tax Partner Sam Lintonbon, M&A Partner Henrietta White, Antitrust & Foreign Investment Partner Anna Mitchell, IP Partner Yohan Liyanage, Pensions Partner John Sheppard, Incentives Partner Cara Hegarty, Energy & Infrastructure Partner Mark Russell, ESG Counsel Aileen Buchanan, Employment Counsel Julie Sharp (all London), M&A Partner Bruno Derieux, Tax Partner Cyril Boussion, Employment Partner Geric Clomes, Banking Partner Carole Nerguararian (all France), M&A Partner Mario Pofahl and Employment Partner Matt Devey (all Germany), M&A Partner Lara Hemzaoui, Employment Counsel Moira Guitart (all Spain), M&A Partner Marleen Wessel and Employment Counsel Vincent Gerlach (Netherlands).