TITLE

Bassell Pursues Advantages in Integration and Geography

AUTHOR(S)
Coons, Rebecca
PUB. DATE
September 2007
SOURCE
Chemical Week;9/26/2007, Vol. 169 Issue 31, p29
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Basell made its debut in the Billion-Dollar Club with 2006 revenues of €10.5 billion. Basell has pursued acquisitions and, in one of the biggest chemical industry deals so far this 2007, it has agreed to acquire Lyondell Chemical in an all-cash transaction. According to Lyondell, it will borrow up to $21 billion to finance the Lyondell deal, including senior secured credit facilities, and the sale of high-yield bonds or secondary senior secured credit facilities.
ACCESSION #
26917348

 

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