Reuters: Bankruptcy News: Two bidders for Petroplus UK Coryton refinery-MEP

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Two bidders for Petroplus UK Coryton refinery-MEP May 17th 2012, 09:41 LONDON | Thu May 17, 2012 5:41am EDT LONDON May 17 (Reuters) - Two preferred bidders are engaged in negotiations to buy Coryton, the UK's Petroplus plant, and one is looking to seal a deal within 10 days, Richard Howitt, a Member of the European Pariament said on Thursday. The administrator PwC had previously said that a deal would be reached by the middle of May. A deal with Morgan Stanley, KKR and Marcel Van Poecke to supply crude to the plant expired at midnight last night, Howitt said. PwC declined to comment.

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