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LyondellBasell ends refinery talks, increases dividend

6:43 AM MDT | April 25, 2014

LyondellBasell Industries says it has ended discussions to sell its mothballed refinery at Berre, France, to petroleum trading firm Sotragem (Monaco) and that it will make the closure of the refinery permanent. Privately owned Sotragem’s proposal to buy the unit, which emerged last September, did not offer acceptable commercial terms and included no guarantee that operations at the facility would restart, LyondellBasell says....

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