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Article: BP AMOCO: Alaskan agreement helps clear way for ap approval of BP Amoco deal with ARCO.
- Article from:
- M2 Presswire
- Article date:
- December 3, 1999
CopyrightCOPYRIGHT 1999 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-3 December 1999-BP AMOCO: Alaskan agreement helps clear way for approval of BP Amoco deal with ARCO (C)1994-99 M2 COMMUNICATIONS LTD
RDATE:021299
BP Amoco today cleared the way in Alaska for its proposed combination with Atlantic Richfield (ARCO).
Subject to changes it described as "immaterial to the synergies expected from the combination with ARCO", the company said the provisional agreement struck last month to sell reserves and exploration acreage to encourage future competition in the state has been approved by Alaskan State Governor, Tony Knowles.
BP Amoco chief executive Sir John Browne said: "This is excellent ...