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...
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