Sources say Sinopec, TPG considering a bid for LyondellBasell

11/24/2009 | Bloomberg · Reuters

Sinopec and TPG have reportedly talked about a joint bid for the bankrupt chemicals maker LyondellBasell to counter Reliance Industries' takeover offer of about $12 billion. A buyer would gain LyondellBasell's U.S. chemical assets amid improving chemicals and plastics sales and a recovering global economy. Representatives from Sinopec and TPG declined to comment on the matter.

View Full Article in:

Bloomberg · Reuters

Published in Brief: