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Venezuela In Mercosur

BP Amoco Co. in Venezuela and MERCOSUR
By Brian Fiorentino
American Intercontinental University
Professor Sunil Kulkarni
BUS230-0602A-15 International Business

On December 30, 1998, BP and Amoco confirmed that the US Federal Trade Commission (FTC) has granted regulatory approval for the merger of the two companies and that completion of the deal will take place at year-end. Both companies agreed to intend to close the transaction shortly after 2100 hours London time on December 31, 1998, when Amoco's stock will leave the Standard & Poor 500 and the shares of the merged group, BP Amoco p.l.c., will be listed on the London Stock Exchange. With a market capitalization of more than $140 billion, BP Amoco p.l.c. is the Britain's biggest company and one of the world's top three oil majors.

"We aim to play a leading role in meeting the world's needs for oil, gas, solar power and petrochemicals without damaging the environment."

BP AMOCO'S WORLD
The BP Amoco group stands out......


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Approximate Word Count: 731
Approximate Pages: 3 (250 words per double-spaced page)

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