France’s Petit-Couronne Refinery to Shut After Bids Rejected
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Petroplus Holdings AG’s Petit-Couronne refinery in Normandy will shut for good after a court rejected all offers for the crude-processing plant.
The court in Rouen ruled that bids from Murzuk Oil and Netoil Inc. failed to contain financial and technical means to “ensure a lasting takeover,” according to a statement from Petroplus.