Monday, September 20, 2010

Despite US$1.4 bln excess cash, LyondellBasell has no spending plans

Due to better than expected business, LyondellBasell Industries NV has about US$4.4 bln of liquidity available, more than the US$3 bln deemed appropriate in its plan for exiting bankruptcy. The companny that emerged from bankruptcy in April, has about US$1.

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