Hoechst and Rhone-Poulenc move on to advanced stage in talks on merger

Article Abstract:

Hoechst AG, based in Germany, has held advanced talks with France-based Rhone-Poulenc SA to merge their pharmaceutical and agrochemical operations into a new jointly owned firm. The transaction, one of the biggest industrial mergers in Europe, is expected to be announced on Nov. 17, 1998, when Hoechst unveils its third-quarter 1998 results at a news conference in Frankfurt, Germany. Stock prices of hybrid drug/agrochemical firms surged in anticipation that a Hoechst and Rhone-Poulenc merger may prompt other industry players to consolidate.

Comment:

Holds advanced talks w/ Hoechst AG to merge their pharmaceutical and agrochemical operations into a new jointly owned firm

France, Pharmaceutical Preparation Manufacturing, Agricultural Chemicals, Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing, Pharmaceutical Preparations, Drugs, Rhone-Poulenc S.A., Hoechst AG, Article

Cedel merger may represent clearing leap

Article Abstract:

Cedel International and Deutsche Boerse Clearing are expected to announce a merger on May 14, 1999. French clearing system Sivocam S.A. and the Paris stock exchange are expected to announce at the same time that they will join the merged Cedel and DBC, creating the basis for a pan-European clearing system. The alliance will not involve the London stock exchange clearing organization, CrestCo Ltd. Cedel and Deutsche Boerse will each own 50% of the merged company, which will be headquartered in Luxembourg and headed by Cedel CEO Andre Lussi.

Europe, Securities and Commodity Exchanges, Securities Exchanges, Luxembourg, Exchanges, Securities industry, Deutsche Borse AG, Cedel

Veba-Viag merger brings together Degussa and SKW

Article Abstract:

Veba AG subsidiary Degussa-Huels AG and merger partner Viag AG's SKW Trostberg AG will form a new specialty chemicals company, Degussa AG.

Organizational history, Basic Chemical Manufacturing, CHEMICALS AND ALLIED PRODUCTS, Specialty Chemicals, Management, Brief Article, Degussa-Huls AG, Specialty chemicals industry, SKW Trostberg AG, Degussa AG