LyondellBasell receives offer for mothballed French refinery


Oil products trading company Sotragem says it made an offer to buy LyondellBasell's (LYB -0.7%) mothballed Berre refinery in France.

Sotragem doesn't specify the amount of the offer, but French industry minister Arnaud Montebourg says it included plans for €400M ($551M) of investment in the plant over three years.

LYB shut the refinery in Jan. 2012 after failing to find a buyer.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs