Paris, July 13: France's Rhone-Poulenc said on Tuesday that 99.5 pe rcent of its shareholders approved the planned merger with Germany's Hoechst AG. The company said its shareholders overwhelmingly approved the deal with Hoechst that would create Aventis, which would be the world's number one life sciences group with almost $20 billion in sales.This merger will be exemplary in terms of its quickness and for those people involved," Rhone-Poulenc chairman Jean-Rene Fourtou told a meeting of shareholders.
Fourtou, who would be vice-chairman of the combined company, said he expected US and European antitrust officials to approve the deal in August.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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