LYB To Acquire APK AG Recycling Technology; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
LyondellBasell (LYB) is set to acquire APK AG, enhancing its Circular and Low Carbon Solutions business with innovative recycling technologies. The acquisition, pending customary closing conditions, secures APK's solvent-based recycling technology, complementing LYB's existing recycling capabilities.
August 22, 2024 | 12:03 pm
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LyondellBasell (LYB) is acquiring APK AG to enhance its recycling technology portfolio, particularly in Circular and Low Carbon Solutions. This strategic move secures APK's solvent-based recycling technology, aligning with LYB's existing capabilities.
The acquisition of APK AG by LYB is a strategic move to enhance its recycling technology portfolio, particularly in Circular and Low Carbon Solutions. This aligns with LYB's existing capabilities and secures APK's solvent-based recycling technology, which is crucial for LYB's growth in this sector. The acquisition is likely to positively impact LYB's stock price in the short term as it strengthens its market position in innovative recycling technologies.
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