Norway's New Champion Faces Same Old Woes

摘要

The markets loved it,politicians endorsed it and even the unions supported it So what's not to like about Statoil's merger with Norsk Hydro? Well,for a start,it lacks some of the obvious logic that has underpinned other big merger deals in recent years,such as cost savings and synergies,or strategic expansion through the acquisition of new and different assets.