BP Sale of Innovene to Ineos Completed

20-Dec-2005

BP announced that the sale of Innovene, its petrochemicals group, to INEOS has been completed.

"The sale of Innovene has been the biggest single divestment in BP's history and with hard work on both sides we have completed it in just 10 weeks - ahead of schedule and still in 2005. This is excellent news for BP's shareholders and I wish Ineos and its staff success for the future," said Lord Browne, BP group chief executive.

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