BP buys M.S.I. firm
BP New Zealand, Ltd, has bought a 50 per cent holding in an MSI Corporation subsidiary, the Onehunga firm Dominion Oil Refining Company, Ltd. BT failed to buy Dominion Oil in 1972, when MSI bought the company for an undisclosed sum. BP has also paid an undisclosed sum for half of the 27,000 shares.
The deal was made through a BP subsidiary, Chemicals Manufacturing Company. Ltd. Dominion recycles waste oil into high quality lubricant.
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Bibliographic details
Press, 25 February 1978, Page 19
Word Count
78BP buys M.S.I. firm Press, 25 February 1978, Page 19
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