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BP sells off petrochemicals unit to Ineos for $5bn

UK group taking on business BP said would need "considerable capital" to grow
BP sells off petrochemicals unit to Ineos for $5bn

BP (BP.) will sell off its petrochemicals business to private UK energy and chemicals giant Ineos for $5bn (£4.1bn). The supermajor called the sale “the next strategic step in reinventing” itself as a broader energy company.

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