PIE-TICKER
US lobbying against Basell sale to NPC intensifies
The US government is said to have intensified its lobbying against the possible acquisition of Basell (www.basell.com), Hoofddorp / The Netherlands, by Iran’s National Petroleum Company (www.nipc.com), following remarks by NPC managing director Mohammad Reza Nematzadeh that his company “is in a better position" to win the prize, compared with its competitor,” India’s Haldia group (www.haldiapetrochemicals.com). A decision by Basell co-owners BASF and Shell is expected shortly.
05.05.2005 Plasteurope.com [11196]
Published on 05.05.2005