For various reasons, the new firm operated as a dual-listed company, whereby the merging companies maintained their legal existence, but operated as a single-unit partnership for business purposes. The terms of the merger gave 60 percent ownership of the new group to the Dutch arm and 40 percent to the British. National patriotic sensibilities would not permit a full-scale merger or takeover of either of the two companies. The Dutch company, Koninklijke Nederlandsche Petroleum Maatschappij, was in charge at The Hague of production and manufacture. A British company was formed, called the Anglo-Saxon Petroleum Company, based in London, to direct the transport and storage of the products. COUNT 5
QSN1 What percent of ownership did the merger award the Dutch branch? ANS1 60 QSN2 What prevented a full-scale merger of the two companies? ANS2 National patriotic sensibilities QSN3 What was the primary function of the Anglo-Saxon Petroleum Company? ANS3 to direct the transport and storage of the products QSN4 The new firm operated as what type of company? ANS4 a dual-listed company QSN5 What percent of ownership of the new company was awarded to the British? ANS5 40