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Article: Grande Paroisse May Issue Shares to Cover Toulouse Damages.(Abstract)(Brief Article)

Article from:
Chemical Week
Article date:
October 17, 2001
Copyright

Grande Paroisse, the fertilizer subsidiary of Atofina, says that it may issue new shares to stakeholders to cover compensation and damages related to the fatal explosion at the company's Toulouse, France sire on September 21. "Should Grande Paroisse be ruled liable, and should its liability be extended to all [potential] damages, the guarantees the company has under its liability insurance policies would be exceeded," the ...

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