NO. 41



Total Regains 100% Ownership of Marketing Subsidiary in Lebanon

Totalof France, which had a 49% stake in its marketing subsidiary in Lebanon, TotalLiban, has regained 100% control of the latter with effect from 1 July byacquiring the 51% stake held by Phoenix Holdings of Lebanon. Total had soldPhoenix 51% of its shares in Total Liban in 1976, shortly after the start of theLebanese civil war in 1975. According to a Total press release, theconsolidation will...