UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549  
 ____________________________________________
FORM 8-K
 _____________________________________  
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 4, 2019
____________________________________________ 
LYONDELLBASELL INDUSTRIES N.V.
(Exact Name of Registrant as Specified in Charter)  
 ____________________________________________  
The Netherlands
001-34726
98-0646235
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
 
 
 
1221 McKinney St.
Suite 300
Houston, Texas
USA 77010
4 th  Floor, One Vine Street
London
W1J0AH
The United Kingdom
Delftseplein 27E
3013 AA Rotterdam
The Netherlands
(Addresses of principal executive offices)  
(713) 309-7200
+44 (0)207 220 2600
+31 (0)10 275 5500
(Registrant’s telephone numbers, including area codes)  
(Former Name or Former Address, if Changed Since Last Report)
_____________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act
Title of Each Class
 
Trading Symbol
 
Name of Each Exchange On Which Registered
Ordinary Shares, €0.04 Par Value
 
LYB
 
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐





Item 7.01 Regulation FD Disclosure
On June 4, 2019, LyondellBasell Industries N.V. (the “Company”) issued a press release announcing that it has ended discussions with Odebrecht S.A., the controlling shareholder of Braskem, in connection with any potential transaction between the Company and Braskem. A copy of the press release is furnished herewith as Exhibit 99.1 and incorporated herein by reference. This Current Report on Form 8-K and the press release attached hereto are being furnished pursuant to Item 7.01 of Form 8-K.

Item 9.01    Financial Statements and Exhibits  
(d)
Exhibits
99.1 Press Release dated June 4, 2019






SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
 
 
 
 
LYONDELLBASELL INDUSTRIES N.V.
 
 
 
 
Date:
June 4, 2019
 
 
By:
/s/ Jeffrey A. Kaplan
 
 
 
 
 
Jeffrey A. Kaplan
 
 
 
 
 
Executive Vice President




LYONDELLBASELLLOGOA03.JPG
NEWS RELEASE

FOR IMMEDIATE RELEASE
HOUSTON and LONDON, June 4, 2019

LyondellBasell and Odebrecht S.A. End Discussions Regarding Braskem Acquisition

LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, today announced it has ended discussions with Odebrecht S.A. concerning the potential acquisition of Braskem. Odebrecht S.A. is the controlling shareholder of São Paulo-based Braskem.

“The combination of LyondellBasell and Braskem is compelling because of the companies’ complementary strengths, product portfolios and operational footprints. However, after careful consideration, we jointly decided not to pursue the transaction. We want to thank the teams at Odebrecht and Braskem for their cooperation during the entire process,” said LyondellBasell CEO Bob Patel.

“We remain focused on advancing our disciplined, value-driven growth strategy. In addition, we intend to expedite our share repurchase program, which currently allows for the repurchase of up to 37 million of our outstanding shares. Our strong cash flows, ample liquidity, and healthy balance sheet allow us to deliver a growing, top-quartile dividend, advance organic growth, and maintain optionality for M&A opportunities while executing these significant opportunistic share repurchases ,” said Patel.

About LyondellBasell 

LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world's largest producer of polypropylene compounds and the largest licensor of polyolefin technologies. In 2019, LyondellBasell was named to Fortune magazine's list of the "World's Most Admired Companies." More information about LyondellBasell can be found found at www.LyondellBasell.com.
FORWARD-LOOKING STATEMENTS
The statements in this release relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. The amount and timing of future share repurchases will depend on, and be subject to, market conditions, general economic conditions, applicable legal requirements, and other corporate considerations. The share repurchase program does not obligate LyondellBasell to acquire any particular amount of shares and may be suspended or discontinued at any time. Additional factors that could affect our share repurchases or otherwise cause actual results to differ materially include the business cyclicality of the chemical, polymers and refining industries; the availability, cost and price volatility of raw materials and utilities, particularly the cost of oil, natural gas, and associated natural gas liquids; competitive product and pricing pressures; labor conditions; and the other factors found in the "Risk Factors" section of our Form 10-K for the year ended December 31, 2018, which can be found at www.LyondellBasell.com on the Investor Relations page and on the Securities and Exchange Commission's website at www.sec.gov.