Vivendi Chairman Jean-Rene Fourtou told Le Monde, a newspaper, that he would be retiring after the company had split into two separate units.
Europe
US budget impasse, Italy crisis test recovery of global economy
The budget deadlock in the US and the political crisis in Italy could test the growth of the global economy.
Bank Rossiya units seeking purchase of Tele2 from VTB
Applications with the Federal Anti-Monopoly Service was filed by two Bank Rossiya as they bid to purchase shareholdings in Tele2 from state backed bank VTB.
Ireland's National Asset Management Authority is selling off real estate loans
The Irish NAFA had prepared the way to sell off shares. The National Asset Management Agency of Ireland is in the process of preparing the sale of EUR300 million or USD408 million worth of Irish real estate loans.
Lloyds Dublin portfolio attracts many investors
Lloyds Banking Dublin portfolio creates buzz for investors. A number of US investment companies such as Apollo Global Management LLC, Goldman Sachs Group Inc and Lone Star Funds have forwarded their bids for 25 properties located in Dublin to be sold off by Lloyds Banking Group.
Latest News
Barclays Plc (BARC) said in a statement that it had managed to sell around GBP472 million or USD761 million worth of rights issue stock.
An Italian government official said on Italian radio that Finmeccanica had agreed to exit from its controlling stake in Ansaldo Energia.
Tarkett filed an IPO to be listed on the NYSE Euronext Exchange. Paris-based floor maker Tarkett filed for an initial public offering yesterday to sell shares on the NYSE Euronext Exchange.
Carpetright's Chief Executive Officer Darren Shapland has left his post. Carpetright Chief Executive Officer Darren Shapland had quit his post as the UK retailer's sales continued to deteriorate.
The ownership structure of the new merged firm between Oi SA and Portugal Telecom would be simple, compared to the previous structure.
Divers found human remains around the site where the Costa Concordia capsized last year. Franco Gabrielli, the Head of Italy's Civil Protection Agency, said divers had recovered bodies from the site where the Costa Concordia sank last year in the sea off Tuscany.
Credit analysts said that the divestment of DONG Energy's 26% stake to two funds managed by Goldman Sachs and two Danish pension funds may lead to a reassessment of its negative credit outlook.
Rosneft chief executive Igor Sechin said to reporters on Thursday that his company would be considering buying Lukoil's stake in its Venezuelan consortium.
Blackstone completed its acquisition of Multi Corporation. Private equity firm Blackstone recently finalized its purchase of Multi Corporation, a Netherlands-based shopping center.
