VOL. XXX

NO. 26

6-April-1987

KUWAIT

KPC to Acquire BP's Danish Marketing Network

Kuwait Petroleum Corporation (KPC) and British Petroleum (BP) announced on 31March that they had reached an agreement in principle on the sale to KPC ofBP's major wholly owned subsidiary in Denmark - BP Olie-Kompagniel A/S (BPOK) -although BP will retain a number of that company's present activities.

The acquisition, which is intended to be effective from 1 June 1987, willincrease KPC's share of Denmark's petroleum...