NewsFlashLyondellBasell considers filing for bankruptcy protection

31 December 2008 11:16  [Source: ICIS news]

LONDON (ICISnews)--LyondellBasell has held discussions about entering bankruptcy protection internally and with banks and outside counsel, a source at the Netherlands-based petrochemicals major confirmed on Wednesday.

On Monday this week its subsidiary Lyondell Chemical filed with the US Securities and Exchange Commission (SEC) to say it had begun talks with lenders in order to extend payment dates and restructure its debt.

By: Rachel Howat
+44 20 8652 3214

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