Last week, Iran's National Petrochemical Company (NPC) was tipped to be among the top two bidders to purchase Royal Dutch Shell/BASF Group's joint venture -Basell. NPC and a group of Indian investors, including a consortium of Haldia, and Indian investor Purnendu Chatterje seemed the "most likely candidates" to buy the Basell, estimated at around 4.4 billion euros. While Germany's BASF favors Iran's petrochemicals group NPC to buy Basell, Shell prefers to sell Basell to the Indian consortium.
However, latest news indicates that, with 90% of the negotiations complete, Iran’s NPC could be the final choice for Basell, market leader for PP, with annual sales of 6.7 billion euros.
14-Apr-05 
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