Coke puts Pepsi on defensive in France

Article Abstract:

Coca-Cola Co (Atlanta, GA) has put PepsiCo on the defensive after the Competition Council in Paris, France, made a move to review a new proposal by Coke to acquire Orangina, a softdrink outlet owned by Pernod-Ricard. In 1998, PepsiCo blocked the purchase of Orangina, which markets Pepsi products in France, by declaring that the deal would stifle competition. The Competition Council has been given until Dec 14, 1999, to come up with a recommendation for the French Finance Ministry.

United States, Other Grocery and Related Products Wholesalers, Grocery Products NEC Whsle, Coca-Cola Co. (Atlanta, Georgia), Orangina

---

Merger would create 4th-largest oil company

Article Abstract:

TotalFina of France plans to merge with Societe Nacionale Elf Aquitaine S.A. in a $54.2-billion deal that would form the fourth-biggest oil producer in the world, with daily production capacity of 2.1 million barrels of oil. The terms of the agreement call for the exchange of 19 TotalFina shares with 13 Elf shares. The new company will also surpass France Telecom as the largest on the Paris stock exchange, with a market value of $99.3 billion.

Petroleum and Coal Products Manufacturing, Petroleum, Elf Aquitaine S.A.

---

French grocery chains to unite into powerhouse

Article Abstract:

Carrefour SA and Promodes SA, two of the largest supermarket chains in France, are set to merge to form the second-biggest retailer in the world, behind Wal-Mart of the US. The merger, which would combine Carrefour's 1,661 locations with Promodes' 4,711 stores, is not expected to face any impediment from the French government. In 1998, the two retailers had combined sales of $50 billion, compared to Wal-Mart's 1998 sales of $138 billion.

Supermarkets and Other Grocery (except Convenience) Stores, Supermarket Chains, Carrefour S.A.

Similar abstracts:

• Abstracts: Learning Co. sells tax unit to CCH Canadian. Merger firms 5th-largest Net provider. PsiNet buys Interlog to boost Internet position
• Abstracts: Rogers wraps services in big bundle. CTV's NetStar coup creates broadcasting buzz
• Abstracts: Marketers put a price on your life. Clicks-and-mortar world values brands. Web opens hard-to-reach markets to advertisers
• Abstracts: On-line calendars seek loyal users. Advertisers target ads to pagers, phones
• Abstracts: Crescendo warns Call-Net about more deals with Sprint. Payphone firm ordered to cease ad campaign

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.