Unions approve Hoechst merger

09 December 1998

Unions approve Hoechst merger

UNION members and independent industrialists who sit on Hoechsts supervisory board have approved the German groups plans to merge with Rhône-Poulenc.

The board agreed “in principle” to the merger of the remaining pharmaceutical and agrochemical activities with Rhône-Poulenc into a single company to be called Aventis.

The boards decision means Hoechst will seek final approval from shareholders at the groups annual meeting on 4 May.

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