TotalFinaElf pulls out of race for IBP

Vol 5, PW 24 (30 Jan 02) Midstream, Downstream, Renewables

SERIOUS BIDDERS in the race for IBP Petroleum can heave a sigh of relief. PETROWATCH learns TotalFinaElf has pulled out and does not even plan to put in a financial bid for the 33.59% stake and management control. ...