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BP is selling its petrochemical operations for $ 5 billion

The Uk's oil and gasconcern BP to sell $ 5 billion (more than 4.4 billion euros) of its global petrochemical activities, it is also a British chemical company

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BP is selling its petrochemical operations for $ 5 billion

The Uk's oil and gasconcern BP to sell $ 5 billion (more than 4.4 billion euros) of its global petrochemical activities, it is also a British chemical company INEOS. That BP announced Monday.

According to BP, the divestment of the petrochemicals business as part of the strategic plan for the company to find out. With the sale of this branch, the company has been a year in self-imposed schedule.

you can maintain an action pays the first $ 400 million, and a further 3.6 billion dollars, if the acquisition is completed. The payment of the remaining $ 1 billion will follow later, in two separate payments. In march, april, and may, 2021 to 100 million, used to transfer the final $ 700 million will be at the end of the June 2021 settlement.

The BP-refinery in Rotterdam is not part of the sale, which is the Belgian a Yellow though.

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