Merger of operations of Neste, Statoil in Baltics dragging

  • 1999-11-11
TALLINN(BNS) - The gas stations of Neste and Statoil in the Baltic states will remain in their present colors also after New Year as Fortum and Statoil, who had wished to merge their operations in the region by that time, have not signed an agreement yet.The chief spokesperson for Fortum Oil and Gas, Helena Haapalinna, told Estonia's Aripaev daily the talks with Statoil had proved more difficult than originally expected and that several unsolved issues still remained on the agenda.If Statoil and Fortum intend to form a joint venture from their subsidiaries in Estonia, they need a permission...
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