LyondellBassell (LYB) -2.4% premarket as Apollo Management and Access Industries plan to sell...

|By:, SA News Editor

LyondellBassell (LYB) -2.4% premarket as Apollo Management and Access Industries plan to sell 17.5M shares amid anticipated demand generated by the inclusion of LYB into the S&P 500 index. Apollo is LYB's largest shareholder with a 29.8% ownership stake, or 171M shares, while Access founder Len Blavatnik holds a ~14% stake and is the no. 2 holder.