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Financial Post – Canada: Not interested in Shell bid, Total CEO says

Financial Post – Canada: Not interested in Shell bid, Total CEO says

Sep 09, 2004

PARIS – Thierry Desmarest, chief executive of Total SA, yesterday poured cold water on speculation he was interested in bidding for rival Royal Dutch/Shell Group of Cos.

The current environment of high oil prices was “not conducive to profitable acquisitions,” he said. “Even if it is undergoing a difficult period now, I am sure the quality of people at Shell will help it get out of its troubles,” he said. “I don’t know who is at the origin of these rumours but it is not us.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Total chief quashes Shell speculation

Financial Times: Total chief quashes Shell speculation

“Thierry Desmarest, chief executive of Total, the French oil group, yesterday poured cold water on speculation he was interested in bidding for Anglo-Dutch rival Shell.”

By Martin Arnold

Published: September 9 2004

Thierry Desmarest, chief executive of Total, the French oil group, yesterday poured cold water on speculation he was interested in bidding for Anglo-Dutch rival Shell.

The current environment of high oil prices was “not conducive to profitable acquisitions,” he said.

“Even if it is undergoing a difficult period now, I am sure the quality of people at Shell will help it get out of its troubles,” he said. “I don’t know who is at the origin of these rumours but it is not us.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Silly summer season speculation

Financial Times: European Comment: Not all that far-fetched: “Total’s cautious boss Thierry Desmarest has shown he can pull off big takeovers, with Elf and Petrofina. He has plenty of cash and more to come”

By Paul Betts

17 August 04

It may be silly summer season speculation. At least this is how the markets on Monday took revived talk of French oil champion Total bidding for Royal Dutch/Shell. But is it really so far-fetched?

The odds of Air France merging with KLM always looked slim. How could the French succeed where British Airways failed?

If anyone was to take over the Dutch airline, the British seemed best placed considering the once much-admired Anglo-Dutch business model long established by the likes of Unilever and Shell. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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