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RHONE-POULENC ISSUES COMMENT ON CAPITAL STRUCTURE CHANGES

 RHONE-POULENC ISSUES COMMENT ON CAPITAL STRUCTURE CHANGES
 PARIS and NEW YORK, Oct. 29 /PRNewswire/ -- Commenting on the proposed changes in Rhone-Poulenc's (NYSE: RP) capital structure and proposed exchange offers announced earlier today by the French Government, Jean-Rene Fourtou, chairman and chief executive officer of Rhone-Poulenc S.A., said.
 "The principle of modifying the capital structure of Rhone-Poulenc, which has just been decided by the French Government, is useful for the group and attractive for the financial community.
 "For Rhone-Poulenc: these operations will simplify and greatly strengthen the current equity structure of the group. As a matter of fact, the PICs (Preferred Investment Certificates) and the PSSAs (Participating Shares Series A), which do not have a voting right and which are listed on stock exchanges will be transformed into ordinary shares and will be totally integrated in Rhone-Poulenc's capital.
 "For investors: they will have access to ordinary shares with voting rights destined to become the major stock of the Rhone-Poulenc Group traded internationally on the major stock exchanges; thus its liquidity will increase.
 "Furthermore, this modification will give Rhone-Poulenc the opportunity to develop a base of employee shareholders."
 American Depositary Receipts representing securities of Rhone- Poulenc are listed on the New York Stock Exchange and trade under the symbols RP Pr C, RP Pr A, RPU and RPWS. Shares of the group are also traded on the Bourse in Paris and on SEAQ in London.
 -0- 10/29/92
 /CONTACT: Arthur C. Benedict, 908-821-3316, or (investors) Arvind K. Sood, 908-821-3487, both of Rhone-Poulenc/
 (RP) CO: Rhone-Poulenc S.A. ST: IN: MTC SU:


SB-TS -- NY068 -- 6670 10/29/92 14:30 EST
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Publication:PR Newswire
Date:Oct 29, 1992
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