OTTAWA OUTLINES PLAN FOR PETRO-CANADA SALE

Sale of Petro-Canada, Canada's national oil company, will begin with a 15% offering to Canadian investors. Federal Privatization Minister John McDermid said the offering will be the first of several designed to put the company entirely in private ownership. He gave no date for the first sale. The government disclosed in a Feb. 20 budget it will privatize the 14 year old Calgary company, which has a book value of about $4.2 billion. Terms of the sale will keep any single investor from

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