BP completes Innovene petchem divestment

16 December 2005 22:29  [Source: ICIS news]

TORONTO (ICIS news)--BP said on Friday that it has completed the sale of its Innovene petrochemicals business to Ineos.


In a brief statement, BP top executive Lord Browne said the deal was completed ahead of schedule. Browne said the Innovene disposal is the biggest single divestment in BP’s history.


BP announced the $9bn (Euro7.5bn) sale on 7 October and received European antitrust clearance on 9 December.

By: Stefan Baumgarten
+1 713 525 2653

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