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Saudi Aramco Denies $1bn Bid for Lyondell's Houston Refinery

Source: Reuters 10/23/2016, Location: North America

Saudi Arabian state oil giant Saudi Aramco [IPO-ARMO.SE] denied it had bid for the purchase of LynodellBasell Industries NV's [LYB.N] refinery in Houston.

Sources familiar with the matter had told Reuters that at least three firms including Aramco had bid over $1 billion for the refinery, with the Saudi firm seen as the front-runner among the bidders.

"The company did not bid for the referred venture," an Aramco statement said.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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