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Downstream Merger |
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Downstream Merger A merger in which a partially-owned subsidiary takes over its parent company. Contrary to the belief of some, the accounting of a downstream merger is different from a pooling of interests. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The division has been monitoring consolidation among the majors in the petroleum industry, which began in 1996 with a European downstream merger of BP and Mobil. This right arose from the decision by the extraordinary general meeting of Suzano held to approve the downstream merger of Suzano into Bahia Sul. The coker was later included in Phillips' downstream merger with Ultramar Diamond Shamrock. |
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