Independent journal on economy and transport policy
01:30 GMT+2
$82bn oil merger cleared
(BBC News)
November 30, 1999
The $82bn merger of oil giants Exxon and Mobil has been approved - with a list of conditions - by the US government. The decision clears the way for the creation of the largest publicly traded oil company in the world. The link-up is the latest in a series of oil company mergers in the past year. To get the backing of the Federal Trade Commission(FTC), the new company agreed to sell 2,431 petrol stations, some pipeline ...... Read more on BBC News
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