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