Filing Details
- Accession Number:
- 0001193125-23-209154
- Form Type:
- 13D Filing
- Publication Date:
- 2023-08-09 20:00:00
- Filed By:
- Lyb Holdco Llc
- Company:
- Lyondellbasell Industries N.v. (NYSE:LYB)
- Filing Date:
- 2023-08-10
- SEC Url:
- 13D Filing
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
LYB Holdco | 41,196,636 | 24,321,247 | 41,196,636 | 24,321,247 | 65,517,883 | 20.21% |
Len Blavatnik | 0 | 65,517,883 | 0 | 65,517,883 | 65,517,883 | 20.21% |
Access Industries | 0 | 65,517,883 | 0 | 65,517,883 | 65,517,883 | 20.21% |
Access Industries Holdings | 0 | 65,517,883 | 0 | 65,517,883 | 65,517,883 | 20.21% |
Access Industries Management | 0 | 65,517,883 | 0 | 65,517,883 | 65,517,883 | 20.21% |
AI Investments Holdings | 766,479 | 64,751,404 | 766,479 | 64,751,404 | 65,517,883 | 20.21% |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 18)*
LyondellBasell Industries N.V.
(Name of Issuer)
Ordinary shares, par value 0.04 per share
(Title of Class of Securities)
N53745100
(CUSIP Number)
Alejandro Moreno
Langhorne S. Perrow
c/o Access Industries, Inc.
40 West 57th Street, 28th Floor
New York, New York 10019
(212) 247-6400
with copies to:
Nicholas P. Pellicani
Debevoise & Plimpton LLP
65 Gresham Street
EC2V 7NQ
London
+44 20 7786 9000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
August 10, 2023
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rules 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. ☐
CUSIP No. N53745100
1 | NAME OF REPORTING PERSON.
LYB Holdco LLC | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ☐ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Luxembourg |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7 | SOLE VOTING POWER
41,196,636 shares | ||||
8 | SHARED VOTING POWER
24,321,247 shares | |||||
9 | SOLE DISPOSITIVE POWER
41,196,636 shares | |||||
10 | SHARED DISPOSITIVE POWER
24,321,247 shares |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
65,517,883 shares | |||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11);
20.21% (1) | |||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO (Limited Liability Company) |
(1) | All percentages are based on an aggregate of 324,197,207 ordinary shares issued and outstanding as of August 2, 2023, as reported in the Issuers Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023, filed by the Issuer on August 4, 2023. |
CUSIP No. N53745100
1 | NAME OF REPORTING PERSON.
Len Blavatnik | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ☐ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7 | SOLE VOTING POWER
0 shares | ||||
8 | SHARED VOTING POWER
65,517,883 shares | |||||
9 | SOLE DISPOSITIVE POWER
0 shares | |||||
10 | SHARED DISPOSITIVE POWER
65,517,883 shares |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
65,517,883 shares | |||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11);
20.21% (1) | |||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN |
(1) | All percentages are based on an aggregate of 324,197,207 ordinary shares issued and outstanding as of August 2, 2023, as reported in the Issuers Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023, filed by the Issuer on October August 4, 2023. |
CUSIP No. N53745100
1 | NAME OF REPORTING PERSON.
Access Industries, LLC | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ☐ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7 | SOLE VOTING POWER
0 shares | ||||
8 | SHARED VOTING POWER
65,517,883 shares | |||||
9 | SOLE DISPOSITIVE POWER
0 shares | |||||
10 | SHARED DISPOSITIVE POWER
65,517,883 shares |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
65,517,883 shares | |||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11);
20.21% (1) | |||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO (Limited Liability Company) |
(1) | All percentages are based on an aggregate of 324,197,207 ordinary shares issued and outstanding as of August 2, 2023, as reported in the Issuers Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023, filed by the Issuer on October August 4, 2023. |
CUSIP No. N53745100
1 | NAME OF REPORTING PERSON.
Access Industries Holdings LLC | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ☐ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7 | SOLE VOTING POWER
0 shares | ||||
8 | SHARED VOTING POWER
65,517,883 shares | |||||
9 | SOLE DISPOSITIVE POWER
0 shares | |||||
10 | SHARED DISPOSITIVE POWER
65,517,883 shares |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
65,517,883 shares | |||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11);
20.21% (1) | |||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO (Limited Liability Company) |
(1) | All percentages are based on an aggregate of 324,197,207 ordinary shares issued and outstanding as of August 2, 2023, as reported in the Issuers Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023, filed by the Issuer on October August 4, 2023. |
CUSIP No. N53745100
1 | NAME OF REPORTING PERSON.
Access Industries Management, LLC | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ☐ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7 | SOLE VOTING POWER
0 shares | ||||
8 | SHARED VOTING POWER
65,517,883 shares | |||||
9 | SOLE DISPOSITIVE POWER
0 shares | |||||
10 | SHARED DISPOSITIVE POWER
65,517,883 shares |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
65,517,883 shares | |||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.21% (1) | |||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO (Limited Liability Company) |
(1) | All percentages are based on an aggregate of 324,197,207 ordinary shares issued and outstanding as of August 2, 2023, as reported in the Issuers Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023, filed by the Issuer on October August 4, 2023. |
CUSIP No. N53745100
1 | NAME OF REPORTING PERSON.
AI Investments Holdings LLC | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ☐ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7 | SOLE VOTING POWER
766,479 shares | ||||
8 | SHARED VOTING POWER
64,751,404 shares | |||||
9 | SOLE DISPOSITIVE POWER
766,479 shares | |||||
10 | SHARED DISPOSITIVE POWER
64,751,404 shares |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
65,517,883 shares | |||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11);
20.21% (1) | |||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO (Limited Liability Company) |
(1) | All percentages are based on an aggregate of 324,197,207 ordinary shares issued and outstanding as of August 2, 2023, as reported in the Issuers Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023, filed by the Issuer on October August 4, 2023. |
Amendment No. 18 to Schedule 13D
This amendment to Schedule 13D is being filed by LYB Holdco LLC (LYB Holdco), Len Blavatnik, Access Industries, LLC, Access Industries Holdings LLC, Access Industries Management, LLC and AI Investments Holdings LLC (AIIH) (collectively, the Reporting Persons, and each, a Reporting Person) to report changes in beneficial ownership of the Reporting Persons in the ordinary shares of LyondellBasell Industries N.V. (the Issuer).
The Schedule 13D (the Schedule) filed with the Securities and Exchange Commission on January 10, 2011, as amended and supplemented by Amendment No. 1, filed on February 23, 2011, Amendment No. 2, filed on February 16, 2012, Amendment No. 3, filed on December 17, 2012, Amendment No. 4, filed on August 5, 2013, Amendment No. 5, filed on December 31, 2014, Amendment No. 6, filed on June 10, 2015, Amendment No. 7, filed on March 17, 2016, Amendment No. 8, filed on February 6, 2017, Amendment No. 9, filed on February 14, 2017, Amendment No. 10, filed on January 8, 2018, Amendment No. 11, filed on November 14, 2018, Amendment No. 12, filed on July 15, 2019, Amendment No. 13, filed on November 8, 2019, Amendment No. 14 filed on February 18, 2021, Amendment No. 15 filed on May 6, 2021, Amendment No. 16 filed on November 17, 2022, and Amendment No. 17 filed on November 21, 2022 is hereby amended and supplemented by the Reporting Persons as set forth below in this Amendment No. 18. This amendment is filed by the Reporting Persons in accordance with Rule 13d-2 of the Securities Exchange Act of 1934, as amended, and refers only to information that has materially changed since the filing of the Schedule 13D. The items identified below, or the particular paragraphs of such items which are identified below, are amended as set forth below. Unless otherwise indicated, all capitalized terms used and not defined herein have the respective meanings assigned to them in the Schedule.
Item 5 Interest in Securities of the Issuer
The disclosure in Items 5(a) and 5(b) is hereby amended and restated in its entirety to read as follows:
(a) and (b) The responses of each of the Reporting Persons with respect to Rows 11, 12, and 13 of the cover pages of this Schedule 13D that relate to the aggregate number and percentage of ordinary shares (including, but not limited to, footnotes to such information) are incorporated herein by reference.
The responses of each of the Reporting Persons with respect to Rows 7, 8, 9, and 10 of the cover pages of this Schedule 13D that relate to the number of ordinary shares as to which each of the persons or entities referenced in Item 2 above has sole or shared power to vote or to direct the vote of and sole or shared power to dispose of or to direct the disposition of (including, but not limited to, footnotes to such information) are incorporated herein by reference.
The 65,517,883 ordinary shares reported in this Schedule 13D include (i) 41,196,636 ordinary shares owned directly by LYB Holdco, (ii) 1,464,610 ordinary shares owned directly by AIPH Holdings LLC, (iii) 16,000,000 ordinary shares owned directly by AI European Holdings L.P. (AIEH), (iv) 3,321 ordinary shares owned directly by Altep 2010 L.P. (Altep 2010), (v) 68,408 ordinary shares owned directly by Altep 2014 L.P. (Altep 2014), (vi) 5,836,034 ordinary shares owned directly by AI Chemical Holdings LLC, (vii) 766,479 ordinary shares owned directly by AIIH, and (viii) 182,395 ordinary shares owned directly by AI Altep Investments LLC.
Each of AIIH, Access Industries, LLC, Access Industries Holdings LLC, Access Industries Management, LLC and Len Blavatnik may be deemed to beneficially own, and share investment and voting power over, the ordinary shares held directly by LYB Holdco because (i) Mr. Blavatnik controls Access Industries Management, LLC and a majority of the outstanding voting interests in Access Industries, LLC, (ii) Access Industries Management, LLC controls Access Industries, LLC, Access Industries Holdings LLC and AIIH, which controls a majority of the outstanding voting interests in LYB Holdco, and (iii) Access Industries Holdings LLC controls a majority of the outstanding voting interests in AIIH. Each of the Reporting Persons and each of their affiliated entities and the officers, partners, members, and managers thereof, other than LYB Holdco, disclaims beneficial ownership of the shares held directly by LYB Holdco.
Each of Access Industries, LLC, Access Industries Holdings LLC, Access Industries Management, LLC and Len Blavatnik may be deemed to beneficially own and share voting and investment power over the ordinary shares held directly by AIPH Holdings LLC because (i) Access Industries Holdings LLC controls a majority of the outstanding voting interests in AIPH Holdings LLC, (ii) Access Industries, LLC controls a majority of the outstanding voting interests in Access Industries Holdings LLC, (iii) Access Industries Management, LLC controls Access Industries, LLC, Access Industries Holdings LLC and AIPH Holdings LLC, and (iv) Mr. Blavatnik controls Access Industries Management, LLC and a majority of the
outstanding voting interests in Access Industries, LLC. Because of its relationships with the other Reporting Persons, LYB Holdco may be deemed to share investment and voting power over the ordinary shares held directly by AIPH Holdings LLC. Each of the Reporting Persons and each of their affiliated entities and the officers, partners, members, and managers thereof, other than AIPH Holdings LLC, disclaims beneficial ownership of the shares held directly by AIPH Holdings LLC.
Each of Access Industries, LLC, Access Industries Holdings LLC, Access Industries Management, LLC and Len Blavatnik may be deemed to beneficially own and share voting and investment power over the ordinary shares held directly by AIEH because (i) Mr. Blavatnik controls Access Industries Management, LLC and a majority of the voting interests in Access Industries, LLC, (ii) Access Industries Management, LLC controls Access Industries, LLC, Access Industries Holdings LLC and Access Industries Investment Holdings LLC, (iii) Access Industries, LLC owns and controls AI SMS GP Limited, which owns and controls AI European GP Limited, which is the general partner of AIEH, and (iv) Access Industries Holdings LLC owns and controls a majority of the outstanding voting interests in Access Industries Investments Holdings LLC, which owns and controls a majority of the outstanding voting interests in AIEH. Each of the Reporting Persons, and each of their affiliated entities and the officers, partners, members, and managers thereof, other than AIEH, disclaims beneficial ownership of the shares held by AIEH.
Len Blavatnik may be deemed to beneficially own, and share investment and voting power over, the ordinary shares held directly by Altep 2010, Altep 2014 and AI Altep Investments LLC because (i) he controls AI Altep Holdings, Inc., and (ii) AI Altep Holdings, Inc. is the general partner of each of Altep 2010 and Altep 2014 and owns all of the membership interests in AI Altep Investments LLC. Each of the Reporting Persons, and each of their affiliated entities and the officers, partners, members, and managers thereof, other than such direct shareholder, disclaims beneficial ownership of the ordinary shares held directly by each of Altep 2010, Altep 2014 and AI Altep Investments LLC.
Each of Access Industries Management, LLC, Access Industries Holdings LLC and Len Blavatnik may be deemed to beneficially own and share voting and investment power over the ordinary shares held directly by AI Chemical Holdings LLC because (i) Mr. Blavatnik controls Access Industries Management, LLC, (ii) Access Industries Holdings LLC owns a majority of the membership interests in RSB 2 Limited which is the sole member of AI Chemical Holdings LLC, and (iii) Access Industries Management, LLC controls AI Chemical Holdings LLC. Because of their relationships with the other Reporting Persons, each of LYB Holdco and Access Industries, LLC may be deemed to share investment and voting power over the ordinary shares beneficially held directly by AI Chemical Holdings LLC. Each of the Reporting Persons, and each of their affiliated entities and the officers, partners, members, and managers thereof, other than AI Chemical Holdings LLC, disclaims beneficial ownership of the shares held by AI Chemical Holdings LLC.
Each of Access Industries, LLC, Access Industries Holdings LLC, Access Industries Management, LLC and Len Blavatnik may be deemed to beneficially own, and share investment and voting power over, the ordinary shares held directly by AIIH because (i) Access Industries Holdings LLC controls a majority of the outstanding voting interests in AIIH, (ii) Access Industries, LLC controls a majority of the outstanding voting interests in Access Industries Holdings LLC, (iii) Access Industries Management, LLC controls Access Industries, LLC, Access Industries Holdings LLC and AIIH, and (iv) Mr. Blavatnik controls Access Industries Management, LLC and a majority of the outstanding voting interests in Access Industries, LLC. Each of the Reporting Persons and each of their affiliated entities and the officers, partners, members, and managers thereof, other than AIIH, disclaims beneficial ownership of the shares held directly by AIIH.
The disclosure in Item 5(c) is hereby supplemented by adding the following at the end thereof:
(c) The following transactions in the Issuers securities have been effected by the Reporting Persons within the 60 days prior to this filing:
On August 10, 2023, AIPH donated 443,489 ordinary shares of the Issuer as a charitable contribution for no consideration.
Item 7 | Materials to Be Filed as Exhibits |
The disclosure in Item 7 is hereby supplemented by adding the following in appropriate numerical order:
Exhibit Number | Description | |
99.1.18 | Joint Filing Agreement, dated as of August 10, 2023, by and among the Reporting Persons. |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: August 10, 2023
ACCESS INDUSTRIES HOLDINGS LLC | By: Access Industries Management, LLC, its Manager | |||
/s/ Alejandro Moreno | ||||
Name: Alejandro Moreno | ||||
Title: Executive Vice President | ||||
ACCESS INDUSTRIES MANAGEMENT, LLC | /s/ Alejandro Moreno | |||
Name: Alejandro Moreno | ||||
Title: Executive Vice President | ||||
LYB HOLDCO LLC | By: Access Industries Management, LLC, its Manager | |||
/s/ Alejandro Moreno | ||||
Name: Alejandro Moreno | ||||
Title: Executive Vice President | ||||
AI INVESTMENTS HOLDINGS LLC | By: Access Industries Management, LLC, its Manager | |||
/s/ Alejandro Moreno | ||||
Name: Alejandro Moreno | ||||
Title: Executive Vice President | ||||
ACCESS INDUSTRIES, LLC | By: Access Industries Management, LLC, its Manager | |||
/s/ Alejandro Moreno | ||||
Name: Alejandro Moreno | ||||
Title: Executive Vice President | ||||
* | ||||
Name: Len Blavatnik |
* | The undersigned, by signing his name hereto, executes this Schedule 13D pursuant to the Power of Attorney executed on behalf of Mr. Blavatnik and filed herewith. |
By: | /s/ Alejandro Moreno | |
Name: Alejandro Moreno | ||
Attorney-in-Fact |