IMPERIAL TO SELL MORE STATIONS

Imperial Oil Ltd. has agreed to sell 27 more service stations in Atlantic Canada to gain approval of a $4.9 billion acquisition of Texaco Canada Inc. The action is in response to a ruling late in January by the quasijudicial Competition Tribunal, which said Imperial had not done enough to ensure market competition after the acquisition. Imperial also will give stronger supply guarantees to independent retailers in Ontario and Quebec.

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