Iran News ...


4/1/05

Iran's National Petrochemical Company among top two bidders for Basell

Berlin, April 1, IRNA-Iran's National Petrochemical Company (NPC) is among top two bidders to purchase Royal Dutch Shell/BASF Group's Basell joint venture, the daily Die Welt reported in its Friday edition.

NPC and a group of Indian investors, comprised of a consortium of the chemical firm Haldia, Indian investor Purnendu Chatterje and different fonds, are the "most likely candidates" to buy the plastics company Basell, the paper quoted unnamed investor circles as saying.

Royal Dutch Shell and BASF are reportedly expected to proceed with Basell's sale in the coming days.

The financial transaction is estimated at around 4.4 billion euros.

... Payvand News - 4/1/05 ... --



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