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


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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