There’s yet another big global deal brewing and this might turn out to be a real blockbuster. It’s actually a global petrochem powerhouse in the making. Reliance Industries, which has been talking to the $49-billion Dow Chemicals-the world’s second-largest chemicals company-has inched closer to signing an MoU with the US company.
According to sources, talks are at an advanced stage and the two sides are expected to make a formal announcement by this weekend. RIL chairman Mukesh Ambani, along with a top-level team, including Nikhil Meswani, Kamal P Nanavaty, Alok Agarwal and Haresh Shah, is scheduled to meet Dow CEO Andrew N Liveris and the rest of the senior team for the final round of negotiations.
Read more in The Economic Times article.
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