LyondellBasell Industries NV (LYB.N)
To call the outcome of litigation between the Lyondell Chemical Company’s litigation trust and billionaire Len Blavatnik one-sided does not quite do justice to the phrase. The trust went into a 14-day trial before Manhattan federal bankruptcy judge Martin Glenn in the fall of 2016 with billions of dollars of claims against Blavatnik, who took Lyondell private in a 2007 deal that left its successor company buried in debt. The trust emerged from the litigation in 2018 with a damages aw
Shares in petrochemical producer Braskem were down 20 percent in pre-market trading in Sao Paulo after petrochemical giant LyondellBasell Industries NV on Tuesday said it had ended talks with Braskem SA's controlling shareholder, Brazilian construction conglomerate Odebrecht SA, to acquire the company.
June 4 Shares in petrochemical producer Braskem were down 20 percent in pre-market trading in Sao Paulo after petrochemical giant LyondellBasell Industries NV on Tuesday said it had ended talks with Braskem SA's controlling shareholder, Brazilian construction conglomerate Odebrecht SA, to acquire the company.
June 4 Chemical maker LyondellBasell Industries NV on Tuesday said it had ended talks with Braskem SA's controlling shareholder related to the acquisition of the Brazilian petrochemical giant.
SAO PAULO, May 9 Brazilian petrochemical company Braskem SA is preparing alternatives in the event the company is forced to stop its mining activities in the northeastern state of Alagoas, its chief executive officer said on Thursday.
April 30 Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks.
HOUSTON Lyondell Basell Industries expects slightly higher impact to second quarter 2019 results from disruptions caused by a March fire at the Intercontinental Terminals Deer Park, Texas, storage tank farm than in the first quarter of the year, Chief Financial Officer Thomas Aebischer said on Friday.
HOUSTON Royal Dutch Shell Plc increased production in some units at its 275,000 barrel per day (bpd) joint-venture Deer Park, Texas, refinery on Monday after bottlenecked tankers made their way through restrictions on the Houston Ship Channel, Gulf Coast market sources said on Monday.
March 25 The U.S. Coast Guard on Monday reopened portions of the Houston Ship Channel with restrictions on waterways affected by the petrochemical leak outside Houston that has disrupted ship traffic until emergency workers have finished decontamination work.
SAO PAULO, March 21 Brazilian conglomerate Odebrecht SA's efforts to sell petrochemical maker Braskem SA to LyondellBasell Industries NV may take months longer than expected because of issues linked to a delayed U.S. filing and a supply contract, three sources with knowledge of the matter said.