June 5 (Reuters) - Chemical maker LyondellBasell

said on Thursday it is in exclusive talks with Munich-based

investment firm AEQUITA for the sale of certain olefin and

polyolefin assets in Europe.

LyondellBasell launched a strategic review of its European

operations last year in a bid to navigate macroeconomic

volatility.

Chemical companies have been struggling due to weaker demand

and rising raw material costs, especially in Europe. A rigorous

regulatory landscape is also compelling businesses to reassess

their approach in the region.

The sites to be sold are located in France, Germany, UK, and

Spain and were part of previously announced strategic

assessments, the company said.

The companies have signed an agreement, a so-called 'put

option deed', under which AEQUITA will enter a form purchase

agreement if LyondellBasell exercises its put option after the

conclusion of certain works council consultation processes.

The proposed deal is expected to close in the first half of

2026.