TranCanada continued its divestiture program yesterday byreaching an agreement with GDF International, a subsidiary of Gazde France, to sell its Netherlands assets for about C$501 million.TransCanada also expects to see almost C$51 million in proceedsfrom the assets’ activity during the first half of 2000.
France
Articles from France
TotalFina Wins Bid to Acquire Elf Aquitaine
In the energy industry’s version of a pas de deux, France’slargest oil company, TotalFina, and Elf Aquitaine last weekacquiesced to a friendly merger after a two-month tussle over whowould acquire whom.
September 20, 1999
TotalFina Wins Bid to Acquire Elf Aquitaine
After wrangling over who would take over whom, France’s largest oilcompany, TotalFina, and Elf Aquitaine agreed to merge in what thecompanies called an “amicable” deal. TotalFina agreed to improve theterms of its initial July 5 hostile offer for Elf that was worth about$43 billion. The move follows a counter-offer made by Elf forTotalFina (see Daily GPI, July 20).
September 14, 1999
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