VOL. XLII
No. 27
5-July-1999
MOROCCO
Morocco痴 Samir And SCP Refineries Merge
An extraordinary general assembly meeting of Samir refineryshareholders agreed on 25 June to incorporate Societe Cherifienne de Petroles(SCP) through an exchange of shares. The two Moroccan refineries agreed tomerge last year after the Swedish-based, Saudi-owned Corral Petroleum HoldingAB purchased the refineries in 1997 for $422mn (MEES, 12 May 1997 and 12October 1998). Under the terms of the amalgamation, nine Samir...
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