Reliance Industries Ltd has made a preliminary offer to acquire a controlling stake in LyondellBasell. The exact value of the deal or the stake that RIL proposes to buy in LyondellBasell is yet not knnown, however, it is likely to be an all-cash deal. For more details on Reliance Industries makes preliminary offer to acquire stake in LyondellBasell click here

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... petrochemicals products during the global economic downturn. Reliance could buy the U.S. and European assets of LyondellBasell, ... year has made available several interesting opportunities," Reliance said in an e-mail.   LyondellBasell could not be immediately ...   REFINING MARGINS HIT Analysts said Reliance might consider buying assets in the petrochemicals sector, and look for organic ...

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