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Basell Pursues Advantages in Integration and Geography
11:49 AM MDT | September 25, 2007 | Rebecca Coons
Basell made its debut in the Billion-Dollar Club with 2006 revenues of €10.5 billion ($13.7 billion). This was Basell’s first full year since it was acquired by Access Industries (New York), a private equity group controlled by billionaire coal and oil entrepreneur Leonard Blavatnik. Trautz: Competitively positioned assets. Basell has aggressively pursued acquisitions and, in one of the biggest chemical industry deals so far this year, it has agreed to acquire Lyondell Chemical for $12.7 billion in an all-cash transaction. The total value of the deal...
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