Reuters: Bankruptcy News: Klesch submits bid for Petroplus' French plant

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Klesch submits bid for Petroplus' French plant Mar 15th 2012, 16:46 GENEVA, March 15 | Thu Mar 15, 2012 12:46pm EDT GENEVA, March 15 (Reuters) - Private investor Gary Klesch said on Thursday that his Swiss-based company has submitted the only bid for insolvent refiner Petroplus' French plant Petit-Couronne. Asked if it was true that his firm had made an offer for the refiner, he said: "It is. We were told by the court there were no other bids ...We are in negotiations on the others." Klesch also confirmed an earlier report that his firm had pledged to invest 160 million euros in the refinery over five years and to retain around 410 of 550 jobs. Thursday is the deadline for offers to be submitted to the administrators of the French refinery.

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