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LyondellBasell
LYB today announced the pricing of an underwritten public offering of 25
million ordinary shares by certain selling shareholders that are affiliates of
Apollo Management Holdings L.P. The offering is expected to close Feb. 19,
2013, subject to the satisfaction of customary closing conditions.
The selling shareholders have agreed to a lock-up (subject to certain
exceptions) for a period of 30 days after the date of the prospectus
supplement for the offering. LyondellBasell will not receive any proceeds from
the offering. The total number of LyondellBasell ordinary shares outstanding
will not change as a result of the offering.
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