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Forbes/AFX News Limited: BP’s Browne backed Shell merger – report

01.22.07, 2:33 AM ET
 
LONDON (AFX) – Outgoing BP PLC chief executive Lord Browne of Madingley backed a merger with Royal Dutch Shell, said a report in The Daily Telegraph.

A source told the newspaper Browne planned to merge BP (nyse: BP – news – people ) with Shell, but the proposal was never formally put to Shell or BP’s board.

Less than two weeks ago, Browne announced his surprise decision to step down in the summer.

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