Evonik launches auction for acrylic sheet business: sources [Reuters]
LyondellBasell Industries NV Ordinary Shares Class A (Netherlands) (LYB)
Last lyondellbasell industries nv ordinary shares class a (netherlands) earnings: 5/1 06:30 am
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Source: Reuters
Evonik launches auction for acrylic sheet business: sources | Reuters 3 Min Read FRANKFURT (Reuters) - German chemicals group Evonik ( EVKn.DE ) has started the auction process for its methacrylates plastics unit, which makes clear acrylic sheets, people close to the matter said. The company announced plans in March to sell the business as it looks to focus on faster-growing sectors, such as feed additives and rubber silica for tyres. Evonik and its adviser Barclays have started sending out first information packages to prospective bidders for the unit, which is seen fetching around 2.5-3 billion euros ($2.9-$3.5 bln), the people said. Potential suitors are to receive detailed information after the summer, and first bids will be due several weeks after that, they added. Peers such as South Korea’s LG Chem ( 051910.KS ) and SK Holdings ( 034730.KS ), China’s Wanhua Chemical Group ( 600309.SS ) and Saudi Arabia’s Sabic are being contacted about their potential interest, as well
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LYB
Earnings
- 2/2/24 - Miss
LYB
Sec Filings
- 3/19/24 - Form 4
- 3/14/24 - Form 4
- 3/13/24 - Form 144
- LYB's page on the SEC website