Tag Archives | LyondellBasell

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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Update 2: Reliance Betting On US Competitiveness

He’s not bad at making money

Source of picture: www.dealbreaker.com


SOME of the logic behind Reliance Industries’ bid for LyondellBasell could be a recognition that the globalisation of petrochemicals markets may have gone into partial reverse.

A climate bill passed …

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Update 1: Reliance said to be offering $10-12bn

Reliance Industries – which is attempting to buy LyondellBasell – is offering $10-12bn, according to this report from Reuters quoting two sources with direct knowledge of the deal. 

This would be one of the biggest-ever acquisitions by an Indian company. In 2007, …

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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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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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The next oil shock and petrochemicals

Apologies for letting this blog slip again, but have been busy trying to make a crust presenting ICIS training courses.

And so as a bonus for our army of avid readers, here are my extended thoughts on the above:

In …

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The dead cat has bounced. Now what?

OK, this blog is supposed to focus on the long term, but in line with just about everybody else, all I can think about is the immediate and my collapsing share portfolio and the value of my home.

As a …

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Any spare change, Mister?

It’s all about hoarding cash over the next few years, but survival might not even be possible for even the best managed of companies if Martin Wolf’s worst-case scenario comes true. The Financial Times columnist writes of the unravelling of …

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It’s fun to be miserable….

To quote Woody Allen, “More than any time in history mankind faces a crossroads. One path leads to despair and utter hopelessness, the other to total extinction. Let us pray that we have the wisdom to choose correctly.”

It’s refreshing …

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