In what may be the first step towards one of the biggest overseas acquisitions by an Indian company, Mukesh Ambani-controlled Reliance Industries has made a preliminary non-binding offer' to acquire LyondellBasell, the world's third largest petrochemical company, based in Rotterdam, The Netherlands.
The Dutch company had filed for bankruptcy protection for its
Neither RIL nor LyondellBasell clarified whether the offer was for the entire company, including its non-US operations, or for the distressed
The value of the
Reliance is reviewing a number of global opportunities for growth in its core business. This review is ongoing and there can be no assurance of the outcome with respect to any of the opportunities under review, including with respect to LyondellBasell, or that any approach made in connection with such opportunities will result in a transaction.
crackcrack| Company Name | CMP |
|---|---|
| Reliance Industries | 1314.55 |
| Indian Oil Corp. | 141.05 |
| BPCL | 292.65 |
| HPCL | 349.00 |
| MRPL | 170.90 |
| View more.. | |
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