VOL. XLII

No. 20

17-May-1999

KUWAIT

KPC Board Approves Hoechst/Rhone-Poulenc Merger "InPrinciple"

The board of the Kuwait Petroleum Corp. (KPC) announced on13 May its support in principle for the merger of Hoechst AG and Rhone-PoulencSA into a new life sciences corporation, Aventis SA. KPCs approval of themerger had been crucial in that it holds 24.5% of Hoechst. A statement releasedby KPC said: "The board of KPC has reviewed the proposed merger betweenHoechst and Rhone-Poulenc (RP) and has given...