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Apollo culls LyondellBasell stake again

10:59 AM MST | February 14, 2013 | Robert Westervelt

Private equity firm Apollo Management has priced a public offering of 25 million shares in Apollo at $61.50/share. The sale by Apollo is the fourth block of LyondellBasell Industries' shares it has sold since last September. The sale will reduce Apollo’s stake in LyondellBasell to 15%, down from 30% before the sale of shares...

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