LyondellBasell
Reliance to look elsewhere if LB bid fails
Reliance Industries will immediately resume its hunt for large global acquisitions if LyondellBasell, the bankrupt global fuels, chemicals and plastics maker, next week spurns the Indian group’s $14.5bn takeover offer.
Rotterdam-based LyondellBasell, the world’s third-biggest independent chemicals producer, is expected to push ahead with a deal with its creditors, led by Apollo Management, at a hearing [...]
Lyondell loss is Reliance’s gains
The shares of petrochemical giant Reliance Industries (RIL) have zoomed on reports that bankrupt petrochemicals firm LyondellBasell rejected an acquisition bid by the Indian petrochemical giant. RIL is back above the 1000 mark and is now trading at Rs 1012, higher by Rs 28 or 2%, on the BSE. The stock had opened at Rs [...]
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