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TOTALFINA CHAIRMAN THIERRY DESMAREST ARRIVES AT NEWS CONFERENCE TO ANNOUNCE OPE ON ELF, 1999-07-05 (photo)

IMAGE number
REU8456072
Image title
TOTALFINA CHAIRMAN THIERRY DESMAREST ARRIVES AT NEWS CONFERENCE TO ANNOUNCE OPE ON ELF, 1999-07-05 (photo)
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Medium
photograph
Date
1999 AD (C20th AD)
Shooting Date
1999-07-05
Image description

French oil major Totalfina's chairman Thierry Desmarest arrives at a news conference July 5. Desmarest announced a decision to launch a public exchange offer (OPE) for Elf Aquitaine proposing to exchange 4 Totalfina shares for 3 Elf shares, or a premium of 15 per cent based on the latest closing prices, which establishes a value of 42 billion euros for Elf. PW/KM

Photo credit
REUTERS / Bridgeman Images
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