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Societe Nationale Elf Aquitaine

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BUSINESS
July 3, 1991
Occidental Completes Sale: Occidental Petroleum Corp. announced the completion of the previously announced sale of its North Sea oil fields and British oil and gas subsidiary to France's Societe Nationale Elf Aquitaine for $1.35 billion. Elf Aquitaine also will take responsibility for about $130 million of bank debt. The sale of Occidental Petroleum (Great Britain) Inc.
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BUSINESS
July 3, 1991
Occidental Completes Sale: Occidental Petroleum Corp. announced the completion of the previously announced sale of its North Sea oil fields and British oil and gas subsidiary to France's Societe Nationale Elf Aquitaine for $1.35 billion. Elf Aquitaine also will take responsibility for about $130 million of bank debt. The sale of Occidental Petroleum (Great Britain) Inc.
BUSINESS
November 25, 1993 | From Times Staff and Wire Reports
Societe Nationale Elf Aquitaine, the French oil company, will probably be the first of France's major companies to be privatized next year, Economics Minister Edmond Alphandery said. Banque Nationale de Paris and the chemical and pharmaceutical group Rhone-Poulenc were recently offered to private investors. A fourth state-controlled firm, Banque Hervet, is to begin privatization before the end of the year.
BUSINESS
March 20, 1989 | From Times wire services
Pennwalt Corp., the specialty chemicals firm on the run from investor group Centaur Partners, today slammed the door on its hostile bidder by signing a $1.05-billion friendly merger with French oil giant Societe Nationale Elf Aquitaine. Philadelphia-based Pennwalt has been seeking a "white knight" since December to evade New York-based Centaur's $758-million offer. Pennwalt said Elf Aquitaine will pay $132 a share in cash, topping Centaur's $110-a-share bid.
BUSINESS
March 21, 1989 | From Associated Press
Pennwalt Corp. dealt a severe blow to an investor group's hostile takeover bid Monday by agreeing to a $1-billion "white knight" buyout by the French government-controlled Societe Nationale Elf Aquitaine. Some analysts said they did not expect any rival bids to top the French oil and chemical company's $132-a-share offer for each of Pennwalt's approximately 8 million common shares outstanding.
BUSINESS
August 9, 1988 | Associated Press
The City of Light is a treasure trove of cultural, archeological and historical gems. Oil companies hope it also holds black gold. Societe Nationale Elf Aquitaine plans to begin drilling an exploratory oil well today on the southern doorstep of Paris at Ivry-sur-Seine--the first of several wells in a program that also envisions exploring within the city itself. "I don't think Paris will ever be Houston," said Jean Perrot, Elf's assistant director of exploration in France.
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