&lt;POCLAIN> OFFERS PAR RIGHTS ISSUE

  French machinery maker &lt;Poclain>, 40 pct
  owned by &lt;Tenneco Inc>, said it will raise its capital to 791
  mln francs from 91 mln by a 100 for 13 rights offering to
  shareholders priced at par of 10 francs a share.
      The offer, between March 25 and April 13, is the second
  stage of a capital restructuring plan announced in December
  under which Tenneco will become Poclain's majority shareholder.
      In the first stage Poclain reduced its capital to 91 mln
  from 455 mln by reducing the nominal value of its shares to 10
  francs from 50.
      Poclain traded Friday on the Paris Bourse at 38.20 francs.
  

