OTHER NEWS : Elf Aquitaine May Be Next for Privatization
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.
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