Sinopec, TPG considering joint bid for LyondellBasell
China Daily | Updated: 2009-11-26 07:58
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Any bids for LyondellBasell may compete against a reorganization plan. Bloomberg News |
NEW YORK: China Petroleum & Chemical Corp (Sinopec), the nation's biggest oil refiner, and US buyout firm TPG have weighed a bid for bankrupt chemicals company LyondellBasell Industries AF that could challenge Reliance Industries Ltd's offer of about $12 billion, said two people familiar with the matter.
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