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To: richardred who wrote (126)12/15/2013 11:31:14 AM
From: richardred  Respond to of 170
 
France's KemOne receives two takeover bids at court hearing

London (Platts)--13Dec2013/706 am EST/1206 GMT




France's KemOne has received two takeover bids, the company confirmed late Thursday in a statement.

Private buyout firm OpenGate Capital and private individual Alain de Krassny confirmed their takeover bids at a hearing held Thursday at the Commercial Court of Lyon.

There will be a further court hearing Wednesday and the acquirer of KemOne will be selected on this date, the company said.

KemOne SAS, an upstream business that makes chlorine, caustic soda and PVC, was put into administration by the commercial court of Lyon on March 27.
platts.com