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INDIA: INDIAN OIL CORPORATION HAS BOUGHT IBP.

Publication: IPR Strategic Business Information Database
Publication Date: 21-FEB-02
Format: Online - approximately 107 words
Delivery: Immediate Online Access
Full Article Title: INDIA: INDIAN OIL CORPORATION HAS BOUGHT IBP.(IBP Company Ltd.)(Brief Article)(Statistical Data Included)

Article Excerpt
Indian Oil Corporation Ltd (IOC), the largest commercial enterprise in India, has formally acquired IBP, the oil retailing company. IOC has paid the Indian government 11536.8 million Rupees (US$237.3 million) for the government's 33.58% stake in the company. IOC has now bought IBP's 1553 retail outlets, 376 kerosene dealerships...

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