VOL. XLVII

No 18

03-May-2004

KUWAIT

KPC Evaluates Aventis Sale Offer

Kuwait Petroleum Corporation (KPC) said on 27 April that it was considering the latest stock and cash offer from Frances Sanofi-Synthelabo for the takeover of the French/German drugmaker Aventis. KPC is the biggest shareholder in Aventis with a 13.5% stake. KPC is currently evaluating the improved offer and will continue to carefully monitor the markets reaction and its impact on valuation, a company spokesman said. The Kuwaiti...