Ineos Group Holdings Plc, a closely held UK company that is acquiring BP Plc's petrochemicals unit for US$9 billion, will spend the next few years consolidating its units. An initial public offering could take a back seat.
The purchase of BP's Innovene unit will triple Ineos revenue to US$24 billion and double the workforce to 1500. Ineos will become the world's fourth-largest independent petrochemicals maker, behind BASF AG, Dow Chemical Co. and DuPont Co.
11-Oct-05 
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