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European drug giants Hoechst and Rhone-Poulenc plan merger
Hoechst of Germany and Rhone-Poulenc of France announce a 50 50 merger creating Aventis with about 20 billion dollars in annual sales. The new firm will be based in Strasbourg and aims to lead in life sciences this century, facing French and German union scrutiny as the first phase of a two step integration.
MENTIONED IN THIS ARTICLE
Paris
Europe
Hoechst
Germany
Rhone-Poulenc
France
Switzerland
Novartis
Rhone Poulenc
Jean-Rene Fourtu
Jurgen Dormann
Aventis
Strasbourg
Hoechst Marion Roussel
Kansas City