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March 9 (plasteurope) -- Insolvent
polyolefins producer LyondellBasell is making it clear it doesn’t want to be
acquired by Reliance, Indian reports say. Some analysts
see the enhanced Reliance offer of USD 14.5 bn as too low, as the polyolefins
economy appears to be improving. Others believe the acquisition would not
benefit Reliance, anyway.
For 2009, LyondellBasell reported an operating profit of USD
317m, thanks largely to restructuring, but the bottom line was a negative USD
2.9m. The 39% sales slip against 2008 to USD 31 bn is blamed on lower selling
prices and lower volumes.
mrcplast.com |
