06 March 2012 14:55 [Source: ICIS news]
LONDON (ICIS)--The administrators of Petroplus’s business in the ?xml:namespace>
If refinancing and restructuring is impossible, they will sell or close the 220,000 bbl/day refinery, they said.
Administrators Steven Pearson and Stephen Oldfield, from UK offices of PriceWaterhouseCoopers (PwC), did not disclose how much money they are seeking for the refinery or with which potential buyers they may be negotiating.
“We do not disclose that information,” PwC spokeswoman Katherine Howbrook said.
In their proposal, the administrators said that Petroplus’s
Switzerland-based Petroplus filed for insolvency in January after lenders froze about $1bn in credit lines in late December. The insolvency affected Petroplus’s five refineries in Europe, including the one in the
Last week, Petroplus administrators in
Earlier, Shell agreed to help fund the restart of Petroplus’s 161,800 bbl/day refinery at Petit Couronne, France. Meanwhile, administrators in
($1 = €0.76)
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