India's Reliance Industries does not plan to raise its bid for bankrupt petrochemicals maker LyondellBasell, a source familiar with the matter said on Wednesday. Shares in Reliance were boosted on Wednesday as investor fears the Indian energy major would overpay for LyondellBasell were allayed after the Luxembourg-headquartered group was said to have rejected its offer, which valued the target at about $14.5 billion.
Building on the April 2025 announcement, Dow will take actions across its three operating segments to support European profitability, resulting in the closure of sites in Germany and the UK.
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.
BASF sells a majority stake in its coatings business to the investor Carlyle.
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.
Merck to acquire the chromatography business of JSR Life Sciences, a leading provider of CDMO services, preclinical and translational clinical research, and bioprocessing solutions.
