One-Page Deal Sheet
BP to Sell Petrochemical Biz to INEOS in $5.0B Deal
Ineos Group BP Plc
Announced Date
June 30,2020
Transaction Type
Asset
Location
Region
United States,International
Country
United States
Transaction Details: Subscribe to see
BP plc has agreed to sell its global petrochemicals business to INEOS for a total consideration of $5 billion.
Under the terms of the agreement, INEOS will pay bp a deposit of $400 million and will pay a further $3.6 billion on completion. An additional $1 billion will be deferred and paid in three separate instalments of $100 million in March, April and May 2021 with the remaining $700 million payable by the end of June 2021.
The transaction is expected to complete by the end of 2020.
About the AssetBP's petrochemicals business is focused on two main businesses – aromatics and acetyls –…
United States Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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| Mar-10-2026 |
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Click here | Texas | E&P |
| Feb-26-2026 |
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| Feb-18-2026 |
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Click here | Texas | E&P |
| Feb-17-2026 |
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Click here | Oklahoma | E&P |
| Feb-02-2026 |
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Click here | E&P |