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  • British energy group BP, hit hard by the coronavirus pandemic slashing demand for oil, announced Monday the sale of its petrochemical business to rival Ineos for $5.0 billion (4.4 billion euros). "The agreed sale... will further strengthen BP's balance sheet and delivers its target for agreed divestments a year earlier than originally scheduled," a statement said. bcp/rfj/rl
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  • BP sells petrochemical arm to Ineos for $5 billion
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