London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

RIL loses out on LyondellBasell, gains on stock market

March 04/2010

March 4 (plastemart) -- The shares of Reliance Industries Ltd. (RIL) have spiked past the 1000 mark as reports pour in that the bankrupt petrochemicals firm LyondellBasell rejected an acquisition bid by RIL. RIL had bid for LB in November at about US$12 bln that it raised to US$14.5 bln a week ago.

 

Investors were concerned that RIL was paying too much for the acquisition because of which the share prices had weakened. However, markets have been believed that the deal did not come through.

 

mrcplast.com

RIL loses out on LyondellBasell, gains on stock market

      MRC Reference

LyondellBasell.  The share in the Russian market in 2008:
 PE  - 1.4% (including HDPE - 2.5%, LDPE Ц 0.3%);
 PP Ц 4.1% (including block-copolymers - 9.5%).

Annual sales growth in Russia, during the recent 5 years:
 PE - 27%;
 PP Ц 88%.

The leader in the following polymers processing technologies:

 pipe extrusion;

 film extrusion;

 injection molding.


Tags:No
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe