Key Takeaways LyondellBasell agreed to sell Europe's four olefins and polyolefins sites to AEQUITA. The sites span France, Germany, the UK and Spain, and serve long-standing local customers. The deal supports LYB's strategy to focus on circular and renewable solutions in Europe.LyondellBasell Industries N.V. (LYB) recently entered into an agreement and exclusive negotiations with AEQUITA to divest select olefins & polyolefins assets and the associated business in Europe. Being located in Berre (France), M ...

European Asset Sale June 5, 2025 Cautionary statement The statements in this presentation relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management of LyondellBasell which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. When used in this release, the words "estimate," "believe," "continue," "could," "intend," "may," "plan," "potential," "predict," "should," ...

Core Viewpoint - LyondellBasell (LYB) has entered into an agreement for the sale of select olefins and polyolefins assets in Europe to AEQUITA, marking a significant step in its strategic transformation towards value creation and focus on circular and renewable solutions [1][2]. Group 1: Transaction Details - The assets to be sold include integrated and non-integrated sites located in Berre (France), Münchsmünster (Germany), Carrington (UK), and Tarragona (Spain) [1][2]. - The agreement is structured as a put option deed, allowing AEQUITA to enter into a purchase agreement if LyondellBasell exercises its option after certain consultation processes [3][4]. - The closing of the transaction is expected in the first half of 2026, pending completion of employee consultation processes and regulatory approvals [4]. Group 2: Strategic Implications - The transaction is part of LyondellBasell's strategy to "Grow and Upgrade our Core," emphasizing safe and reliable operations while supporting stakeholders [2]. - LyondellBasell aims to maintain its presence in Europe with a focus on profitable leadership in circular and renewable solutions post-transaction [2]. - AEQUITA views the acquisition as a means to expand its industrial footprint, leveraging the operational foundation and experienced workforce of the acquired sites [3]. Group 3: Company Backgrounds - LyondellBasell is a leader in the global chemical industry, focusing on sustainable living solutions and enabling a circular economy [6]. - AEQUITA is a Munich-based industrial group with a portfolio generating over EUR 3.5 billion in revenues, specializing in corporate carve-outs and transformational situations [7][8].

Core Viewpoint - LyondellBasell Industries is experiencing challenging market conditions, leading to a significant decline in stock price due to oversupply, rising raw material costs, and geopolitical factors [1]. Company Overview - LyondellBasell Industries is one of the largest producers of plastics and basic chemicals [1]. Market Conditions - The company is facing difficult market conditions characterized by oversupply and increasing raw material costs [1]. - Geopolitical factors are also contributing to the challenging environment for the company [1].

Core Viewpoint - LyondellBasell (NYSE: LYB) is being highlighted as a potential investment opportunity for income investors looking to deploy new capital in the market [1] Group 1 - The focus is on identifying high-yield investment opportunities for individual investors, with an emphasis on making complex concepts easy to understand [2] - The analysis aims to provide clear, actionable insights to help investors achieve better returns, supported by expert research [2] Group 2 - The article expresses a beneficial long position in LyondellBasell shares, indicating confidence in the company's performance [3]

Core Insights - The article discusses the expertise of Vladimir Dimitrov, CFA, who has a background in brand and intangible assets valuation, particularly in the technology, telecom, and banking sectors [1] Group 1: Analyst Background - Vladimir Dimitrov has experience as a strategy consultant and has worked with major global brands [1] - He graduated from the London School of Economics and focuses on identifying reasonably priced businesses with sustainable long-term competitive advantages [1]

Core Viewpoint - LyondellBasell Industries is experiencing a stock decline due to a prolonged cyclical downturn in the plastics, chemicals, and refining sectors [1] Group 1: Company Overview - LyondellBasell Industries is a leading player in the plastics, chemicals, and refining industries [1] - The company has been navigating challenges that have led to a decline in stock performance over the past few years [1] Group 2: Market Context - The company is currently facing a prolonged cyclical downturn, impacting its financial performance and stock value [1]

Group 1 - LyondellBasell Industries (NYSE: LYB) is identified as a cyclical stock that is likely near a cyclical low, currently trading at $57.75 with a 9.5% dividend yield, indicating a potential investment opportunity [1] - The investment strategy focuses on GARP (growth at a reasonable price) stocks while also exploring other opportunities, with no specified time horizon for holding investments [1] - The analyst has developed market-beating algorithms using Python to identify attractive investment opportunities, demonstrating a proactive approach to portfolio management [1] Group 2 - The analyst has a background in writing and editing for financial news, which aids in understanding market trends and investor interests [1] - There is an emphasis on providing accurate and useful information, highlighting the prevalence of misinformation in the market [1]

Group 1 - Moretus Research provides high-quality equity research focused on U.S. public markets, aiming to deliver clarity, conviction, and alpha for serious investors [1] - The research framework emphasizes identifying companies with durable business models, mispriced cash flow potential, and intelligent capital allocation [1] - Valuation methods are based on sector-relevant multiples tailored to each company's business model and capital structure, prioritizing comparability and simplicity [1] Group 2 - Research coverage targets underappreciated companies experiencing structural changes or temporary dislocations, where disciplined analysis can yield asymmetric returns [1] - Moretus Research aims to elevate the standard for independent investment research by providing actionable insights and a strong filter for relevant information in equity analysis [1]

Core Viewpoint - LyondellBasell Industries N.V. (NYSE: LYB) is considered a compelling contrarian buy primarily due to its valuation, despite existing risks associated with the investment thesis [1]. Group 1: Company Overview - LyondellBasell is positioned as an attractive investment opportunity based on its current market valuation [1]. Group 2: Analyst Background - The analysis is conducted by a stock analyst with over 20 years of experience in quantitative research, financial modeling, and risk management, focusing on equity valuation and market trends [1]. - The analyst has a background as a former Vice President at Barclays, leading teams in model validation and stress testing, which contributes to a deep expertise in both fundamental and technical analysis [1]. Group 3: Research Approach - The research approach combines rigorous risk management with a long-term perspective on value creation, emphasizing macroeconomic trends, corporate earnings, and financial statement analysis [1].