TotalFina-Elf merger completed, firm renamed

Stockholders of TotalFina SA and Elf Aquitaine SA have approved the firms' merger, and the combined company has been renamed TotalFinaElf SA.For reasons of brand recognition, it was deemed better to keep all three names. The headquarters are at Elf's building at La DAt a Mar. 22 combined general meeting, a 24-member board was appointed to "reflect the friendly character of the merger," but it will be whittled down to 15 eventually.The shareholders approved a change in the bylaws to reflect expiration of the agreements linking the company and the French state. This, in fact, mainly means that the state will no longer have a representative on the board (that representative had the p...

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