A recent quarterly report released by Air France-KLM showed that the Franco-Dutch airline had written off the value of its 25% ownership stake in Italian carrier Alitalia.
France
Renault, Nissan modifies Mitsubishi partnership to reduce costs
Renault SA, Nissan Motor Co and Mitsubishi Motors Corp expanded its existing joint venture to effective save production costs.
Alcatel-Lucent SA offers shares and bonds for expansion purposes
According to Alcatel-Lucent SA CEO Michael Combes, investor confidence has returned to the French technology manufacturing firm.
Edmond de Rothschild closes BioDiscovery 4 Fund
Edmond de Rothschild raises EUR192 million or USD250 million for its BioDiscovery 4 fund. The Edmond de Rothschild Investment Partners have announced the closure of its BioDiscovery 4 Venture capital fund for European life science companies.
ECB easing bets push euro zone bonds up
The European Central Bank's bets on easing euro zone rates pushed most of its government bonds up.
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Clariant and Wendel's Stahl reached an agreement with former to receive millions and shares. Clariant AG, Swiss maker of specialty chemicals, had agreed to sell a leather-treatment unit to French investment company Wendel SA's Stahl, according to a report by Bloomberg.
Intesa Sanpaolo chief executive officer Carlo Messina wanted Italian carrier Alitalia to have Air France-KLM as its industrial partner.
Blue Solutions rose as high as USD18.64 per share in the first day of its initial public offering. Blue Solutions saw its shares jump 30% from issue price in the first day of its initial public offering.
French advertiser Criteo raised USD 250 million from its IPO. France-based firm Criteo raised USD 250 million from its initial public offering in the US.
French billionaire Xavier Niel was looking at possible deals with phone companies in Europe, sources told Bloomberg.
Electricite de France (EDF) and Veolia Environment said on Monday that both were coming close to agreeing the terms of their exit in Dalkia.
Lagardere's statement released on Monday was unclear regarding its rumored exit from pay-television operator Canal+.
In a news report in the Italian daily Il Messagero, a letter from Air France CFO criticized Alitalia for the lack of information regarding key decisions made on their joint venture where it owns 25%.
Like a death in the family, union members of PSA Peugeot Citroen factory located in Aulnay, France mourn the closure of the 40 year old plan.
