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Reliance better without Lyondell-Basell – Goldman

February 19, 2010

As Lyondell-Basell (LB) announced that it has reached a settlement with unsecured lenders for a consideration of US$450mn, will aid the company to emerge from Chapter 11 bankruptcy. LB acquisition does have strategic merit for RIL, but the bid not going through would be a better outcome than RIL getting drawn into a bidding war and eventually over-paying for the assets.

Mukesh Ambani’s Thirst for Inorganic Growth – RIL will look to pursue inorganic growth, since see no major Read more

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