failed attempts to rescue the German engineering company Babcock Borsig, bringing the fifth event of the insolvency in Germany for high profile companies. The creditor banks have been burned in the past when they tried to save the construction company Philipp Holzmann, did not want to risk again, given the current economic conditions.
Departure rising at the start eighth for Tod’s coming back to share 46 euros. The title of the company founded by Diego Della Valle is rising because of 2.06%.
Start with a bang for the French telephone giant. Rumors that the state can effectively trans support the company are putting wings Title: +8.7% to 14.19 euros. Yesterday France Telecom had gained 16%.
JP Morgan Chase Corporation on 14 June fell to below 2% in the capital of Olivetti. It is learned from communications Consob. Be noted that on 8 May, at the general meeting of shareholders of the company Ivrea, JP Morgan Chase had held 3.51% of the capital.
The market monitor closely the moves of the Dutch Philips, the giant European consumer electronics. In fact the company is widely exhibited in the capital of French, with a stake of 3.5% or 38.3 million euros. The Dutch company for now has not given feedback, but could decide to depreciate this asset. Today, the title marks a slight drop of 0.35% to 25.81 euros a day after he had lost more than 6%.
This break down sales on Capitalia. The title of the ultimate holding company of the new banking group which includes the activities of Banca di Roma-Bipop-BDS is losing over 3% falling below the threshold of 1.90 euros. More than 3.3 million units traded. Yesterday capital was closed with an increase of 4%. In stark contrast, however, Bipop: +1.40% to 0.754 euros sospenta purchases since, most analysts consider it at a discount compared to Fideuram and Mediolanum.
E ‘come off on the takeover of Barilla Kamps. The Italian group said on Tuesday it has purchased 53.9% of the German company, Europe’s leading industrial bakery, at a price of 12.50 euros per share, amounting to 558 million. Opa in advance exceeds the minimum threshold of 50%.
Ciments Français, the French subsidiary of Italcementi, will launch a takeover bid on the shares of its Greek subsidiary Halyps Building Materials, listed on the Athens Stock Exchange. The offer must receive the approval of the Greek stock (CMC) within 10 days from the filing and will last for 30 days after its approval. At the end of the offer will be launched with the cancellation of the company from list. Ciments Français, holds 94.75% of ordinary shares el’88, 6% of the shares of preferential Halyps. The offering includes 975,979 ordinary shares of nominal value of 1.26 euros, representing 5.25% of total ordinary shares and 4.53% of total capital of Halyps.
Shares of the French group Vivendi Universal collapsed ieir the Bourse in Paris, losing about a quarter of its value and sliding toward its lowest level in 13 years. Investors have penalized the title as concerned about the liquidity of the company after a complex series of financial transactions.
No peace for the German phone giant. The debacle of the “twin” of doom France Telecom (-8.2%) to Deutsche Telekom is doing to mark the new lows: 8.95 euro declined by almost 4%. The other day, the company led by Ron Sommer had sold 1, 8% stake in FT, trying to cover so a little ‘boxes of the company (67 billion of debt ndr.)
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