| The two partners have put their polyolefins business on the block for over a year and they would focus on their core business. |
| A senior executive with Basell Polyolefins said here today that "Shell is planning to disinvest in Basell and concentrate in its core competence that is refining. We have been informed that there were several bidders of which three have been shortlisted and the name of those bidders will be disclosed sometime in March 2005". |
| It is understood that an Indian consortium has also bid for the polyolefins business of Shell and BASF. |
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