LCR auction called off

Robinson, Simon
July 2006
ICIS Chemical Business;7/31/2006, Vol. 1 Issue 30, p14
Trade Publication
The article reports on the cancellation of the auction for the refinery joint venture of Lyondell Chemical and Citgo Petroleum. According to Lyondell, offers for the venture exceeded $5 billion but were insufficient to overcome the significant benefit of retaining an ownership position in the refinery. Lyondell is instead considering acquiring the stake of Citgo.


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