Reliance looks to buy LyondellBasell assets

The bankrupt international petrochemical group has assets that could be worth as much as $6bn and would mark the first large-scale overseas foray by Mukesh Ambani

• World View: LyondellBasell-Reliance Industries/CEOs/European insurers
• Brothers in the News: Anil and Mukesh Ambani

Carr’s Milling profits slide

Profits fell at Carr’s Milling Industries after the fertiliser division that gave a significant boost 12 months ago fell into the red this year

BASF on track for dividend cut

German chemicals group BASF is heading for its first dividend cut since the 1990s as it reported a 19% fall in third-quarter sales

Lex: European chemical companies

If sales figures from Akzo Nobel and Bayer ’s sales figures are anything to go by, investors betting on a recovery in the sector might have got ahead of themselves

Permira repels Borsodchem bid

The UK private equity fund’s deal with Wanhua Industrial to restructure Borsodchem’s €1.1bn debt will allow it to avoid a Chinese takeover and retain control of the Hungarian chemicals group

Strong demand helps Tristel clean up

Stronger demand for infection control products has helped Tristel raise full-year pre-tax profits

Demand recovery boosts Victrex

The polymer maker said it would ramp up production following a strong fourth quarter.

Wanhua to placate Permira over Borsodchem

The Chinese chemicals group seeking to acquire a company owned by Permira would not be a ‘disruptive force’ if takeover talks succeed, says its top executive