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BP to sell petrochemicals unit to Ineos for $5 billion

FILE PHOTO: File photo of a BP logo at a petrol station in London
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(Reuters) - UK oil major BP said on Monday it would sell its global petrochemicals business to billionaire Jim Ratcliffe's Ineos for $5 billion."With today's announcement, we have met our $15 billion target for agreed divestments a full year ahead of schedule, demonstrating the range and quality of options available to us," Chief Financial Officer Brian Gilvary said.
Date Published: Jun 29, 2020
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