LYB · 8-K · 20261030PR000067

Portfolio Reshaping (M&A / Divestiture)

LyondellBasell Industries N.V. · 2026-10-30 · Importance 59 · Surprise 60

LYB completed the sale of select European O&P assets and associated businesses in May 2026. The release reported a $734 million pretax loss on sale for the nine months ended September 30, 2026, recognized in the O&P-EAI segment. It also said that O&P–Europe, Asia and International third-quarter volumes were lower sequentially, partly reflecting the sale of certain European assets in May.

Key facts

• The company completed the divestiture of select European O&P assets and associated businesses in May 2026. source
• The May 2026 divestiture of select European O&P assets and associated businesses resulted in a recognized loss in the O&P-EAI segment. source
• Third-quarter 2026 European transaction costs, net of transition service agreement income, were a $9 million pre-tax benefit. source
• For the three and nine months ended September 30, 2026, transition service agreement income related to the European asset sale was $10 million and $18 million, respectively. source