Bankrupt petrochemicals firm LyondellBasell has rejected a bid by Indian energy major Reliance Industries, Bloomberg reported, citing two people briefed on the matter.
Reliance, controlled by billionaire Mukesh Ambani, is likely to turn its attention to other acquisition opportunities if its bid for Lyondell, valuing the bankrupt firm at $14.5 billion, falls short.
Compelling solutions through strategic partnerships
Novo Nordisk announced a global workforce reduction of approximately 9,000 positions to streamline operations and reinvest DKK 8 billion (€1 billion) in growth opportunities for diabetes and obesity treatments.
BASF sells a majority stake in its coatings business to the investor Carlyle.
Merck to acquire the chromatography business of JSR Life Sciences, a leading provider of CDMO services, preclinical and translational clinical research, and bioprocessing solutions.
The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.
