TotalFina mulls rival bid to block Conoco/Phillips merger

TotalFinaElf, the French oil company, may turn to the debt markets for funding if it launches a bid for Conoco to block the US firm's planned $35bn (€39.1bn) merger with Phillips Petroleum.

TotalFinaElf has declined to comment on reports that it is mulling a bid for Conoco, which announced its intention to merge with Phillips last November. The merged Conoco/Phillips group would become the sixth largest energy firm in the world.

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