Hoechst faces wobbly support for Rhone-Poulenc deal
Article Abstract:
Hoechst AG shareholder Kuwait Petroleum Corp may oppose the planned merger between Hoechst and Rhone-Poulenc S.A. Kuwait Petroleum has a 24.5% stake in Hoechst, and is the German company's largest shareholder. The Kuwaiti firm supported Hoechst's recent decision to divest industrial chemical operations and refocus on pharmaceuticals and agrochemicals. However, he enormous complexity of the proposed merger would raise tax concerns for Kuwait Petroleum.
Comment:
Hoechst AG shareholder Kuwait Petroleum Corp. may oppose the planned merger of Hoechst with Rhone Poulenc S.A.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Czech government taps RWE, Agrofert to buy power assets
Article Abstract:
RWE Gas AG and Agrofert Holdings AS have been chosen by the government of the Czech Republic to acquire the latter's power asset holdings. Agrofert will acquire a 63% share of Unipetrol, while RWE will acquire majority shares in other natural gas firms.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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Dow Chemical unit to buy subsidiary of Rohm & Haas
Article Abstract:
Dow AgroSciences LLC will acquire the agricultural chemicals division of Rohm and Haas Co. The Dow Chemical unit is acquiring the division for approximately $1 billion (1.08 billion euros).
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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