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TOTAL SA (r)



dawn star (Euro-Burmanet) wrote:

letters citing the barbaric treatment being metered out
by Thailand and SLORC at this time in the Karen State and on the border,
addressed to french govt people responsible for the continuing
investment by TOTAL, should take note of the following: 

> 
> Some TOTAL company financial figures.
> 
> Front page French financial news: Untangling the web of the french state
> administered economy is a tax-payers burden. TOTAL's shareholder, GAN,
> (Groupe des Assurances Nationales), with 1.5% of the share capital, the
> French state insurance giant, is handing French taxpayers a 2O billion
> franc ($3.9 billion) bill, due largely to heavy losses incurred from the
> depressed french real estate market. As a stop-gap measure, the French
> government pledged to immediately inject nearly a billion dollars into
> the GAN. GAN's shares have been trading wildly over speculation of
> today's announced losses, and the GAN share yesterday suffered is
> heaviest drop in recent weeks, down 5.4%.
> 
> Note: a previous posting on TOTAL share participation did not
> account for shareholder changes effective last August 31,1996.
> To date, the French state holds .90 %,AGF 1.9 % (Assurance
> General de France),  Cogema, the state nuclear power consortium, 5.60 %,
> CDR 1.8 (Centre de Realisation) which absorbed the french state bank
> Credit Lyonnais' 3.1 %,
> Societe Generale, the private bank, 3.10 %. Lyonnais des Eaux swapped
> its .9 % share for TOTAL's stake in Lyonnais des Eaux,so they are now
> out,
> though Jerome MONOD, Lyonnais' CEO, is on TOTAL's board of directors.
> 
> Thus you can see that the French government virtual stake is much more
> than
> .9%, more like 10 %. TOTAL employees hold 2.40 %, up from .7.
> 
> For further financial information:
> 
> TOTAL -paris
> Michel Hourcard
> tel 33 1 41 35 52 29
> 
> TOTAL-New York
> Robert Hammond
> 212 969 2810
> Robert Hammond
> 
> For press information
> Tel: 41 35 34 71
> 
> +++++++++
> 
> Meanwhile, ROYAL DUTCH SHELL has posted 10 billion dollars
> in net profits for 1996 (53 billion francs). TOTAL postsed
> less than 10 % that, at 5.3 billion francs, slightly
> less than a billion dollars, trailing the French energy giant, ELF at 7
> billion francs
> or, $1.2 billiàn  and TEXACO with 10.7 billion francs, or nearly $2
> billion.
> 

the bottom line, there is no end to greed ....

> dawn star
> EuroBurmanet
> http://www-uvi.eunet.fr/asia/euro-burma/total