Access Industries, promoted by Russian-born billionaire Len Blavatnik, feels that the US$12 bln at which RIL has valued LyondellBasell is too low, and lacks merit. It seems that Reliance Industries (RRIL) will have to rethinks its initial offer, as it’s bid fails to factor in the potential turnaround gains of the bankrupt petrochemicals-maker.
For more details on Len Blavatnik promoted Access Ind terms US$12 bln offer by RIL for LyondellBasell too low click here
Wednesday, December 23, 2009
Len Blavatnik promoted Access Ind terms US$12 bln offer by RIL for LyondellBasell too low
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