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StatoilHydro can keep name for additional year

StatoilHydro and Hydro have agreed to give StatoilHydro an additional year to find a new name and logo.

Under the agreement governing the merger of Hydro’s oil and gas activities with Statoil from October 1 this year, the merged company was to create “a new name and a new logo” in spring 2008.

Hydro has agreed to extend the timetable by one year to accommodate StatoilHydro’s wish for more time.

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