VOL. XLI
No. 41
12-October-1998
MOROCCO
Samir Board Approves Merger With SCP
Moroccos two refineries, Samir and Societe Cherifienne desPetroles (SCP), have agreed to merge after a year of negotiations. Samirs board ofdirectors recently approved the merger after a study of legal and financial incentives.The two companies hope that the merger will cut costs and boost productivity. There arealso unconfirmed plans for investment of some $500mn over a five-year period to improveinfrastructure and...
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