Aequita: Acquisition of Sabic’s European Olefins and Polyolefins Business

Munich-based industrial holding company Aequita SE & Co. KGaA has entered into an agreement to acquire Sabic’s European olefins and polyolefins business. The transaction comprises four production sites located in Geleen (Netherlands), Gelsenkirchen (Germany), Genk (Belgium), and Teesside (United Kingdom). Around 1,900 employees work at these sites. The business most recently generated revenues of approximately USD 3.5 billion.

The acquired activities include integrated production facilities for olefins and polyolefins with existing infrastructure as well as long-standing customer relationships in Europe. According to the companies involved, the business represents a scalable industrial platform within the European petrochemical industry.

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With this acquisition, Aequita continues the consolidation of its chemical activities. Only recently, the company acquired LyondellBasell’s European olefins and polyolefins business. Together, the two units are expected to generate annual revenues of around USD 7 billion going forward. The aim is to integrate the activities organizationally and operationally, broaden the product portfolio, and unlock efficiency potential along the value chain.

Sabic classifies the divestment as part of its group-wide portfolio optimization program. Through this step, the Saudi Arabian chemical company intends to focus more strongly on selected business areas and support its long-term growth strategy. Following a selection process, Aequita was chosen as the new owner to continue the development of the European assets.

Closing of the transaction is expected by the end of 2026, subject to approval by the relevant competition and regulatory authorities as well as the fulfillment of other customary closing conditions.

Headquartered in Riyadh, Sabic is a global chemical company with production sites in the Americas, Europe, the Middle East, and the Asia-Pacific region. The company employs more than 28,000 people and serves customers in over 140 countries.

Aequita is an internationally active industrial group focusing on special situations such as corporate carve-outs and transformation cases. According to the company, its current portfolio generates revenues of more than EUR 10 billion.

More information: aequita.com, www.sabic.com

Aequita SE & Co. KGaA, Munich, Germany

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