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Markets :: Basic Chemicals :: Petrochemicals :: Vinyl chloride

Qatar Firm Makes Conditional Offer for Vinyls Italia

10:28 AM MDT | May 5, 2010 | Peter Mapleston

Ramco Trading & Contracting (Doha) has made a conditional bid for troubled vinyl chloride monomer (VCM) and polyvinyl chloride (PVC) producer Vinyls Italia (Porto Marghera, Italy). The bid was made on April 24, the closing date fixed by Vinyls Italia’s government-appointed administration commissars for receiving offers under conditions set out in their “offer for sale,” published at the end of March. The bid envisages the establishment of a "bad company" holding all of Vinyls Italia's outstanding debt, as well as a restructuring...

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