Rik Daems, the Belgian minister for public enterprises, has announced plans to use legal action against Swissair for failing to keep to the agreement which provided for the addition of fresh capital for the newly bankrupt Sabena, which the Swiss company owns 49.5%. The action of the Belgian minister would be made in common with Portugal, France and Germany. Meanwhile, Virgin Express has made it known to be under discussion with DAT (Delta Air Transport), the subsidiary of Sabena regiionale for a possible merger.
Posts tagged ‘Germany’
Atlantic Telecom, the British fixed line operator will pay 520 million pounds for First Telecom, the telephone operator English active on the Internet. The new company will have a strong Internet access business in Germany and France where he uses DSL, technology Digial, but also in England and Scotland. The transaction will be paid by Atlantic through the issuance of new shares: First Telecom was to be quoted and will instead be given 100% to Atlantic, which is down 0.29% on the London Stock Exchange. Titus had passed in recent days from 35 pence to 800 pence. Sale Marconi, one of the largest shareholders of the Group of 2%.
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Starting today the strike called by trade union IG Metall in Germany, with an initiative that represents the first failure of mass since 1995. E ‘was calculated that at least 50 thousand employees in 21 different companies will manifest today to get a compensation increase, and this could create major problems for routine production activities of German firms.
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Germany’s DAX index closed the trading day rising (+1.63%) with a prodigious growth of Deutsche Telekom after days of declines. The telephone company has ended the trading day to +7.09%, while the rest of the list on the sun was shining. Among the few companies that marks loss Daimlerchrysler -0.57%.
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Bipop become more European with the acquisition of German Entrium Direct, a leading online banks, with an operation by at least 5 thousand billion lire financed partly cash and partly with stock exchanges. For the bank led by Bruno Sonzogni landing in Germany would also have a strong symbolic value as Bipop would be among the first Italian companies to win a significant area across the border.
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A consortium composed of the U.S. Arrow Electronics and Avnet and English Schroder Ventures has launched a bid of 2.5 billion dollars to acquire the electronics division of Germany’s Veba. The aim of the three companies involved in the consortium is to divide the assets held by Veba should the offer be accepted.
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Deutsche Bank has decided to reduce its stake in the Allianz Group assicutativo currently at 7% of the capital. The group is in talks with customers istituzoinali for the assignment. The strategy of reducing the contribution would be in line to reduce the tax burden and make it more efficiente.Non yet known how much participation that will be sold, nor the buyers, although Deutsche Bank said it was considering proporste outside Germany.
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In great dusting the German hi-tech sector helped “Intel effect”. Yesterday, the investment banks Bear Stearns and Bank of America had raised the rating on the U.S. title and the entire sector. That’s so that today Epcos salt of 3%, SAP and Infineon by 2.8% to 2.6%.
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Deutsche Post, the German postal currently controlled by the German state, is ready to land in exchange. The debut Averre November 6, the subscription will begin October 30 on individuals and will be widened to 6 countries of the European community as well as to Germany. The price per share should be between 23 and 28 euros. After privatization, the takeover of Internetional DHL, Deutsche Post will become the largest provider of express services and logistics in the world. The leadership of the company is expecting great success from the placement, and includes a large membership subscription.