FINLAND PLANS TO SELL INTEREST IN NESTE OY

Finland's national oil company, Neste Oy, will become the country's first state enterprise to undergo privatization. The Finnish government approved plans to sell a 1520% interest in the company, which is organized in five division: downstream oil, chemicals, gas, shipping, and exploration/production. The sale, which probably will take place next spring is expected to raise $292-487 million (U.S.). Neste has disclosed two foreign expansions.

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