VOL. XXXIII

NO. 36

11-JUNE-1990

Libya

Oilinvest Wins Bid for Gatoil Swiss Holdings; Competitors ChallengeRuling

A consortium composed of the Milan-based Tamoil SpA, a subsidiary ofLibya's Oilinvest, the Swiss oil company Migrol (an affiliate of theMigros-Genossenschafts-Bund cooperative retail and industrial group), and theGeneva finance company Sasea Holding, won a bid on 1 June for the acquisitionof Gatoil's assets in Switzerland at a purchase price of SF201.25mn ($144mn).Tamoil's share in...