India’s plan to privatize BPCL has run into rough weather with bidders struggling to find partners and spread their financial risks for the big-ticket acquisition. The country was expecting global oil majors to team up with investment funds to participate in the sale. But some bidders are finding it difficult to invest due to global sustainability rules that make it tougher for them to make large investments in fossil fuels.from Energy-Industry-Economic Times https://ift.tt/3qnN4aJ
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