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Reliance ups LyondellBasell valuation

By Malini Hariharan

LyondellBasell’s aggressive moves to convince creditors to approve its own reorganisation plan have drawn a reaction from Reliance Industries.

A source familiar with developments confirms that Reliance has raised its valuation of LyondellBasell to $13.5bn, up from …

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LyondellBasell court hearing deferred to 12 Jan

Yesterday’s crucial court hearing to determine whether LyondellBasell would have until 6 September 2010 to solicit votes for its reorganization plan has been adjourned to 12 January.
It means some more waiting for Reliance Industries which is said to be …

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Reliance decision on LyondellBasell after court hearing

By Malini Hariharan

Yesterday’s media report about Reliance Industries on the verge of taking a final decision on LyondellBasell appears to have been a little premature. My sources say that a decision will be made only after the US bankruptcy …

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Will Reliance decide today on LyondellBasell?

By Malini Hariharan

Reliance Industries will take a call today on submitting a final bid for LyondellBasell, says this report from CNBC TV18.

The report, quoting unnamed sources, adds that Reliance may be having second thoughts about the acquisition. Key …

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More action needed at Mitsubishi Chem

By Malini Hariharan

Japan’s largest chemical company Mitsubishi Chemical Holdings has been actively restructuring this year but more needs to be done to complete its transformation.

High on the list is reorganization of its cracker operations at Mizushima. Mitsubishi and …

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Reliance moving fast on LyondellBasell bid

By Malini Hariharan

Reliance Industries’ bid to acquire LyondellBasell is progressing quite rapidly. I am told that a team of top executives from the company is in the US holding discussions with LyondellBasell.

And according to this report in the …

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Twists expected in the LyondellBasell-Reliance story

By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections)

Reliance’s bid for LyondellBasell is likely to be a long drawn out affair with potential for complications from competitive bids.

I talked to some sources familiar with the …

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Reliance Bid For LyondellBasell Confirmed

Reliance Industries has made an offer for LyondellBasell says an official statement released yesterday on the LyondellBasell website:

“LyondellBasell has received a preliminary non-binding offer from Reliance Industries Limited to acquire for cash a controlling interest in the company contemporaneously …

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“Middle East To Control Basic Chems In 3-5 Years”

Abu Dhabi ahead in the race?

Source of picture: www.gulftrackservices.com

By John Richardson

The global basic chemicals industry is likely to end up under the dominant control of the Middle East, and possibly Asia, within the next 3-5 years, a …

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Reliance-LyondellBasell talks resurface

By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections)

Talk of Reliance Industries acquiring LyondellBasell is once again gaining momentum. A report in today’s Economic Times says that the company is close to announcing a major overseas …

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