M&A Deal Summary

Grupo Inversor Petroquímica S.L Acquires Petroken Petroquimica Ensenada S.A

On February 5, 2016, Grupo Inversor Petroquímica S.L acquired chemicals company Petroken Petroquimica Ensenada S.A from LyondellBasell for 184M USD

Acquisition Highlights
  • This is Grupo Inversor Petroquímica S.L’s 1st transaction in the Chemicals sector.
  • This is Grupo Inversor Petroquímica S.L’s largest (disclosed) transaction.
  • This is Grupo Inversor Petroquímica S.L’s 1st transaction in Argentina.

M&A Deal Summary

Date 2016-02-05
Target Petroken Petroquimica Ensenada S.A
Sector Chemicals
Buyer(s) Grupo Inversor Petroquímica S.L
Sellers(s) LyondellBasell
Deal Type Divestiture
Deal Value 184M USD

Target

Petroken Petroquimica Ensenada S.A

Buenos Aires, Argentina
Petroken Petroquimica Ensenada S.A is a polypropylene producer.

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Buyer(S) 1

Buyer

Grupo Inversor Petroquímica S.L

Madrid, Spain

Category Company
Founded 2007
Sector Chemicals
DESCRIPTION

Grupo Inversor Petroquímica S.L is a producer of chemical products.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (Argentina) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

LyondellBasell

Houston, Texas, United States

Category Company
Founded 1955
Sector Chemicals
Employees20,000
Revenue 41.1B USD (2023)
DESCRIPTION
LyondellBasell office in downtown Houston, Texas.
LyondellBasell office in downtown Houston, Texas.

LyondellBasell is a large plastics, chemicals and refining companies in the world. Driven by its 13,000 employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, and improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road. LyondellBasell sells products into approximately 100 countries and is the world's largest licensor of polyolefin technologies. LyondellBasell Industries was founded in 1955 and is based in Houston, Texas.


DEAL STATS #
Overall 3 of 5
Sector (Chemicals) 2 of 4
Type (Divestiture) 2 of 4
Country (Argentina) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-30 Zylog Plastalloys - PP Compounding Business

India

Zylog Plastalloys - PP Compounding Business is a provider of chemical products.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-27 Quality Circular Polymers

Geleen, Netherlands

Quality Circular Polymers is a manufacturer of polymers of high and consistent quality based on used plastics. Reliable supply, integration, leading technologies and innovative recipes enable QCP to push the circular plastics industry to the next level.

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