Elf, TotalFina Agree On Friendly Merger

Monday, September 13, 1999
French oil company TotalFina has reportedly agreed a friendly merger deal with Elf Aquitaine, bringing to an end their takeover fight and creating the world's fourth largest oil company. TotalFina Chairman Thierry Desmarest will head the new group. The board will comprise nine Elf directors, nine TotalFina directors and four directors representing the Belgian shareholders within the TotalFina board.

People & Company News

MN100: McAllister Towing

The Company: McAllister Towing & Transportation operates a fleet of more than 75 tugboats, crew boats and barges in 17 locations along the U.S. East Coast from Portland, ME to San Juan, PR.

MN100: Pacific Power Group

The Company: Established in 1958, Pacific Power Group has been a trusted partner for the marine power needs of the Western U.S. for more than 50 years. PPG provides

3sun CEO Chairs Offshore Wind SIG

3sun Group, specialist provider of products and services to the global energy industry, is reinforcing its ongoing commitment to the offshore wind industry with

Legal

Hyundai Merchant Marine to buy Hanjin's 'Good' Assets

South Korea's financial regulator said on Wednesday that Hyundai Merchant Marine Co Ltd will seek to acquire healthy assets of troubled shipper Hanjin Shipping Co Ltd.

Hanjin files for Receivership, Ports Turn Away Vessels

Hanjin says asks court for its assets to be frozen; Hyundai Merchant looking to buy Hanjin's "good" assets. South Korea's Hanjin Shipping Co Ltd filed for court

Hanjin Shipping to File for Court Receivership

South Korea’s biggest container shipping line Hanjin Shipping Co has decided to apply for court receivership after lenders halted all support, says a report in Bloomberg.

 
 
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