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Swiss, Egyptian groups make top bids for Petroplus oil refinery in France

02.06.2013  | 

The Petit-Couronne refinery in Western France, now in receivership, was among a string of industrial facilities new French President Francois Hollande had promised to protect before being elected. The two bids deemed serious come from investors in Egypt and Switzerland, the newspaper said.

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By DENNIS BAKER

Five bids to buy a troubled oil refinery in France include two considered to be serious and well-financed, French daily Le Figaro reported Wednesday, citing the government.

The Petit-Couronne refinery in Western France, now in receivership, was among a string of industrial facilities new French President Francois Hollande had promised to protect before being elected.

The refinery is in trouble after its owner, Swiss-based company Petroplus Holdings AG, filed for protection from creditors.

The two bids deemed serious come from investors in Egypt and Switzerland, the newspaper said.

The refinery has a capacity of 161,000 bpd, according to news reports.


Dow Jones Newswires



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