Friday, December 11, 2009

LyondellBasell creditors support acquisition by Reliance Industries

In a boost to its bid to acquire troubled petrochem major LyondellBasell Industries, Reliance Industries (RIL) has got support from the official, court-recognised committee of unsecured creditors commmittee, which represents the interests of a large number of creditors has urged the court to allow it to directly work with potential investors, including RIL, to arrive at a deal to rescue the company.

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