on AEQUITA SE & Co. KGaA
AEQUITA Acquires European Assets from LyondellBasell, Launches Velogy
On May 1, 2026, AEQUITA completed the acquisition of select European olefins and polyolefins assets from LyondellBasell. Based in Rotterdam, Netherlands, the newly launched company, Velogy, will operate production sites in France, Germany, the UK, and Spain. Velogy aims to generate approximately EUR 2.5 billion in revenue with over 1,700 employees.
Dr. Axel Geuer of AEQUITA emphasized the significance of this move into the European chemicals sector. Peter Vanacker of LyondellBasell acknowledged the milestone for employees transitioning under AEQUITA's ownership. AEQUITA's Robert Roiger highlighted plans for expanding Velogy as a competitive platform.
AEQUITA's strategy also includes the acquisition of SABIC's European Petrochemical business, set to enhance Velogy's capabilities. Richard Roudeix, CEO of Velogy, expressed optimism for collaboration with AEQUITA.
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