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GENERAL SHAREHOLDERS' MEETING OF RHONE-POULENC

 PARIS, May 10 /PRNewswire/ -- A combined ordinary and extraordinary meeting of shareholders was held today at the headquarters of Rhone- Poulenc.
 The shareholders approved the 1992 annual accounts and decided to effect the payment on July 30, 1993 of a dividend of FF12 (plus FF6 avoir fiscal, or tax credit) per ordinary share "A" and FF17 per preferred investment certificate (plus FF8.5 avoir fiscal, or tax credit). In addition, the shareholders authorized the board of directors to issue various debt and equity securities and to proceed, at the appropriate time, to the division ordinary shares "A" and preferred investment certificates on a four-for-one basis.
 During this meeting, in responding to the question of a shareholder Jean-Rene Fourtou, chairman and chief executive officer of Rhone- Poulenc, confirmed that negotiations were currently in progress in view of the possible sale on the market of all or part of the 35 percent shareholding of Rhone-Poulenc in Roussel-Uclaf. He also evoked the negotiations with Hoechst concern the possible transfer to Rhone-Poulenc of activities or products.
 -0- 5/10/93
 /CONTACT: Arvind K. Sood of Rhone-Poulenc, 908-821-3487/


CO: Rhone-Poulenc ST: IN: SU:

PS-TS -- NY052 -- 6476 05/10/93 12:06 EDT
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Publication:PR Newswire
Date:May 10, 1993
Words:197
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