Listings News: LyondellBasell Will Move To NYSE
October 13, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — LyondellBasell Industries N.V. (OTC: LALLF) said that shares of its common stock are expected to begin trading on the New York Stock Exchange on October 14. The firm’s class A ordinary shares will trade under the symbol LYB and Class B ordinary shares under the LYB.B symbol.
LyondellBasell CEO Jim Gallogly said, "The NYSE is the world's largest equity market and listing here will provide a more liquid and transparent mechanism for investors wanting to own shares in one of the world's premier chemical companies."
LyondellBasell currently has around 566 million ordinary shares outstanding, including around 337 million Class A ordinary shares and around 229 million Class B ordinary shares.
Netherlands-based LyondellBasell is a plastics, chemical and refining firm. The company manufactures products at 59 sites in 18 countries.
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