People & Business :: M&A
Six companies in race to buy government's stake in Haldia Petrochemicals
9:18 AM MDT | June 12, 2013 | Natasha Alperowicz
Six companies have expressed interest in buying the West Bengal government’s stake in troubled Haldia Petrochemicals Ltd. (HPL; Kolkata), the only major producer of petrochemicals on India’s east coast. The expressions of interest were submitted on Monday, the last day of the deadline given to prospective buyers. HPL chairman and West Bengal industries minister Partha Chatterjee says the expressions of interest were submitted by Reliance Industries; Jindal Petroleum; Oil and Natural Gas Corp. (New Delhi); Indian Oil Corp. (IOC); Gas...
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