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BP Amoco prepares for listing

BP Amoco prepares for listing

BP Amoco, to be formed by the merger between the British and US oil companies, is preparing to launch the largest issue of American depository receipts as it works on its post-merger listing on the New York Stock Exchange. Meanwhile British Petroleum`s profits have been hit by the slump in world oil prices. The company reported a 35 per cent fall in third-quarter profits.

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