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Update India's Reliance Industries offers to acquire LyondellBasell

(adds analyst comments)

By Pearl Bantillo and Prema Viswanathan

SINGAPORE (ICIS news)--Indian petrochemical giant Reliance Industries will be the biggest polypropylene (PP) player in the world if it is successful in acquiring financially-troubled LyondellBasell, analysts and industry players said on Monday.

The proposed acquisition would be the largest by an Indian company this year, with the bid estimated at between $9-12bn (€6-8bn), said a source with knowledge of the deal.

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