Home Add to Favorite Contact Submit  
           29 March, 2024


    
Category:  Press » Industry

 

LyondellBasell Statement on Reliance Industries

Popularity:
         Views: 2699
2009-11-22 04:34:56     
LyondellBasell Industries

LyondellBasell today issued the following statement:

"LyondellBasell has received a preliminary non-binding offer from Reliance Industries Limited to acquire for cash a controlling interest in the company contemporaneously with the company's emergence from Chapter 11 reorganization. This offer is in addition to the previous non-binding equity financing proposals received by the company and represents a potential alternative to the initial plan of reorganization previously filed by the company. Consistent with its fiduciary duties, management will continue to work with all parties to design an approach that maximizes value for the company's creditors through the pursuit of a confirmable plan of reorganization and enhances the financial strength of the reorganized company."

LyondellBasell Industries is one of the world's largest polymers, petrochemicals and fuels companies. We are the global leader in polyolefins technology, production and marketing; a pioneer in propylene oxide and derivatives; and a significant producer of fuels and refined products, including biofuels. Through research and development, LyondellBasell develops innovative materials and technologies that deliver exceptional customer value and products that improve quality of life for people around the world. LyondellBasell (www.lyondellbasell.com) is privately owned by ProChemie GmbH, a joint venture of Access Industries and ProChemie Holding Ltd.


Media Contact: David A. Harpole +1 713 309 4125
Investor Contact: Douglas J. Pike +1 713 309 7141

Specialized in: Lyondellbasell - Reliance Industries
Print press release      Bookmark this page
Related Press releases 
Artis Launches an Eclectic Range of Party Speakers (Popularity: ): Mumbai, Maharashtra - India, March 31, 2021 -- It’s the season to celebrate and party with friends and loved ones and Artis brings a wide and eclectic range of party speakers to choose from. Sleek and stylish, these speakers offer a superior audio and sound quality amping up the entire party experience. Whether indoors or outdoors, they are perfect for any setting.Using cutting-edge technology, the brand offers everything that one ...
MDSi Expands Its Leadership Team (Popularity: ): ALPHARETTA, Ga. - November 18, 2017 -- MDSi, announces their appointment of several key leadership team members strategically selected to position MDSi for future success. MDSi’s goal is to “stay ahead of the curve” from a technology perspective and hire the right leadership team members to drive the overall product and professional services portfolio.“We are beyond excited about our future and exceptional talent joining the MDSi team. This additional leadership ...
Ulatus Launches Website Localization Services to help Global Businesses tap Local Markets (Popularity: ): May 9, 2017, NEW YORK: Ulatus, one of the leading translation service providers worldwide, launched its Website Localization solution to help global organizations expand their local presence and deliver digital content in a localized manner. Ulatus has been the quintessential language service provider connecting businesses across the globe and helping them break language barriers for over a decade. With a vibrant design and befitting motto, ‘Global in spirit, local at ...
Ulatus Launches Academic Translation Services for Researchers in China (Popularity: ): February 22, 2017, BEIJING: Ulatus, one of the leading translation service providers worldwide, officially announced the launch of its translation services in China for native researchers, academicians and corporates to enable them to communicate with their global counterparts in their language. Ulatus strongly believes that language barriers should not obstruct free flow of knowledge and ideas. With this launch, Ulatus strengthens its support to Chinese academicians in overcoming this barrier ...
Pan Gulf Products Launches Brand New Website (Popularity: ): April, 2014 - Saudi Arabia -- After winning the heart of thousands of customers all across the Saudi Arabia and the GCC, the company, Pan Gulf Products has come up with a brand new website to cater the needs of online customers. They have empowered their new website with state-of-the-art design and the latest features in the arena of web designing, which will provide their online customers an absolutely wonderful ...


Related Business 
Reliance Online Recharge (Popularity: ): Reliance Online Recharge is the best way to get mobile recharge for Reliance CDMA and Reliance GSM connections. At mobikwik.com, you can get Reliance prepaid recharge very fast - using web, using SMS or even using Java/Android Mobile Recharge Application. Reliance has multiple schemes operating for lowest tariffs for Local/STD/ISD calls as well has local or national SMS. Reliance usually has the same tariffs and offers for all mobile recharges ...
Reliance Securities Limited (Popularity: ): Reliance Securities Limited is a Reliance Capital company and part of the Reliance Group. Reliance Securities endeavors to change the way investors transact in equities markets and avails services. It provides customers with access to Equity, Derivatives, Mutual Funds & IPOs. It also offers secured online share trading platform and investment activities in secure, cost effective and convenient manner.
Reliance Communications (Popularity: ): 3G Postpaid and Prepaid connections by Reliance Communications. These Prepaid and post paid connections are best in the class of mobile data service available in the market today. Check information related to 3G handsets, Plans and Pricing and the advantages of using Mobile internet and using Reliance 3G.
School of Self-Reliance (Popularity: ): Research, test, teach/guide, and publish in all aspects of self-reliance.
Reliance Home (Popularity: ): Reliance Metal is the leading forces in Malaysia Shower Screen and Aluminium Door Industry. Founded in 2000, Reliance has grown to be a dominate brand within the premium bathroom sector and Aluminium Door Sector. Reliance were exclusively an aluminium door manufacturer when the company was founded but their portfolio has grown, to now offer a complete range of shower door products, Aluminium Doors, Windows, Kitchen Cabinets and wardrobe that offer ...
Preparedness Industries, Inc. (Popularity: ): Offers emergency, disaster, personal security, self-reliance and outdoor products.
About Reliance Foundations in Mumbai (Popularity: ): Nita Ambani led Reliance Foundation shoulders the social responsibility catering to the Rural Transformation, Education, Health, Urban Renewal and contributes in preserving Indian Art, Culture and Heritage.
Reliance Luxury Coach Hire (Popularity: ): We provide minibus hire and coach hire of the highest quality across the South of England, from 8 to 49/68 seaters, with seatbelts, air conditioning, WCs, tea and coffee facilities, reclining seats, media players and air suspension. Thanks to Reliance, you can travel in comfort – however long your journey. We can cater for small groups as well as larger parties, with our extensive vehicle fleet, including Full Executive coaches. ...
The JIS Group Educational Initiatives (Popularity: ): At all the JIS Group Educational Initiatives final year students have bagged several lucrative career opportunities both nationally and world wide. Even some of them are continuing their Doctoral research in renowned universities in UK and US. Graduates / Post Graduates from our institutions are now working at IBM, Dell, HoneyWell, TCS, CTS, Infosys, Wipro, Tech Mahindra, Convergys, Mphasis, ICICI Bank, Reliance Industries, Reliance Infocom, Gail, Videocon, Satyam, Larsen & ...
SMART Recovery (Popularity: ): SMART: Self Management and Recovery Training. Non-profit organization. Self-reliance not reliance on a higher power. Sees addiction as complex maladaptive behavior not a disease.