VOL. XLIV
No 42
15-October-2001
SAUDIARABIA
ShellBuys Texacos Equilon And Motiva Interests For $3.8Bn
ShellOil, the US arm of Royal Dutch/Shell, announced on 9 October that it was to buyinterests held by Texaco in the Equilon and Motiva groups for $3.8bn. Theassets are covered by the forthcoming Chevron/Texaco merger. Last September theUS Federal Trade Commission (FTC) approved a consent order that allowed themerger to proceed, subject to certain conditions including the placing intrust ahead of...
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