Skrine has advised long-time client BP plc on the Malaysian
aspects of its USD5 billion sale of its global aromatics, acetyls
and related businesses to INEOS. The Malaysian portion of the
transaction which closed on 31 December 2020 involved the sale of
BP's 100% subsidiary, BP Asia Pacific (Malaysia) Sdn. Bhd. and
BP PETRONAS Acetyls Sdn. Bhd., a joint-venture between BP (70%) and
Petronas Chemicals (30%) which was first Greenfield plant in the
world to use BP's new Cativa process technology.
Media coverage of the transaction can be accessed at:
Media coverage of the transaction can be accessed at:
- https://www.theguardian.com/business/2020/jun/29/bp-sells-petrochemical-business-to-ineos-for-5bn-jim-ratcliffe-plastics
- https://uk.finance.yahoo.com/news/ineos-completes-buyout-bp-petrochemical-113157697.html?guccounter=1&guce_refer
rer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAD9Hvb40R_PDTD3t65O4Z0yEJBZh-bb-eqU9GKkSoPCiP5e7aa4BVVkyfGv3fs9b3a665vOziH2DV1jCkV5adEY7kOW4s2K6VnULY2
zRhntnT7XsZM_2054l9Q2YeiAMZQn-GxpAgHHn9KVlkgWYF1tiV1M9BYg4po9THeQwvjKq
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