2006-02
23 09:15:08Renolit buy of Solvay's industrial foil business conditionally cleared by EU
BRUSSELS (AFX) - The European Commission said it has cleared the proposed acquisition by Renolit of Solvay's industrial foil business, subject to the divestment of Solvay's production plants for flexible technical PVC films in Liancourt in France and Enkhuizen in the Netherlands, as well as a number of other assets.
2006-02
23 09:06:35Popolare Italiana unit sells BPL Leasing to Banca Italease for 51 mln eur
MILAN (AFX) - Banca Popolare Italiana's 86.2 pct-owned unit Bipielle Investimenti SpA said it has agreed to sell a 99.74 pct stake in BPL Leasing to Banca Italease SpA for 51 mln eur in cash.
2006-02
23 08:45:06Cisco buy of Scientific Atlanta unconditionally cleared by EU
BRUSSELS (AFX) - The European Commission said it has unconditionally cleared Cisco Systems Inc's 6.9 bln usd buy of Scientific Atlanta Inc.
2006-02
23 08:43:42Japan's Fujitsu confirms it buying US IT consulting firm
TOKYO (AFX) - Fujitsu Ltd said it will buy a US information technology consulting firm in a bid to expand its customer base in North America.
2006-02
23 08:32:52French govt tells Italy it considers Enel move on Suez as hostile - report
MILAN (AFX) - The French prime minister Dominique de Villepin told his Italian counterpart Silvio Berlusconi that a bid by Enel SpA on Suez has to be considered as a hostile move towards France, the daily La Stampa said without giving a source.
2006-02
23 08:27:48Orion Pharma acquires drug laboratory Lyocentre Nordic
HELSINKI (AFX) - Orion said its Pharma division has acquired Lyocentre Nordic, the Finnish subsidiary of French company Les Laboratoires Lyocentre.
2006-02
23 07:50:05Daily Mail & General extends 'A' offer for Fastcrop to March 8
LONDON (AFX) - Daily Mail & General Trust PLC said it has extended its 'A' offer for Fastcrop PLC to March 8.
2006-02
23 07:27:02Nestle FY growth, margin beat consensus; cautiously upbeat for 06
VEVEY, Switzerland (AFX) - Nestle AG said its full year organic sales growth was 6.2 pct, significantly better than the average analyst forecast of 5.7 pct and beating its own 5-6 pct target, helped by a foreign currency tailwind for the first time in 5 years.
2006-02
23 07:22:03Gas Natural seeks partner to help improve Endesa bid; probably Spanish - report
MADRID (AFX) - Gas Natural SDG SA is looking for a partner to enable the gas company to improve its 21.3 eur per share cash and stock offer for Endesa SA, Cinco Dias reported, citing unnamed sources close to Gas Natural.
2006-02
23 07:14:57Enel may link up with RWE to bid for Suez - report
MILAN (AFX) - Enel SpA is seeking a partner ready to jointly launch a bid for Suez and is believed to have contacted the German energy group RWE AG, the daily MF reported without naming its source.
2006-02
23 07:13:50EDF ready to look at major acquisitions in Spain, other EU states - CEO
PARIS (AFX) - EDF is 'in principle' ready to look at 'major' acquisition opportunities, notably in European countries where it as yet has no presence, including Spain and the Benelux states, CEO Pierre Gadonneix told financial daily Les Echos in an interview.
2006-02
23 06:58:44Schering sells radiopharmaceutical ops of CIS bio to Belgian consortium
FRANKFURT (AFX) - Schering AG said its French unit Schering SAS has sold the radiopharmaceutical business of CIS bio international to a Belgian consortium formed by Ion Beam Applications SA and the Institut National des Radioelements.
2006-02
23 06:47:21Schering sells radiopharmaceutical ops of CIS bio to Belgium consortium
FRANKFURT (AFX) - Schering AG said its French unit Schering SAS is selling the radiopharmaceutical business of CIS bio international to Belgium consortium formed by Ion Beam Applications SA and the Institut National des Radioelements.
2006-02
23 06:42:30Phoenix seeks 2 mln stg for Rover restart - report
LONDON (AFX) - The former owners of MG Rover are demanding more than 2 mln stg for vital equipment needed to restart sports car production at the failed carmaker's 100-year-old factory in Birmingham, the Financial Times reported.
2006-02
23 05:41:19EDF FY net doubles; sees growth being sustained; seeks partner for Brazil unit
PARIS (AFX) - Electricite de France said full year net profit was 3.242 bln eur, double the pro forma 2004 figure of 1.607 bln and at the top of the range anticipated by analysts.
2006-02
23 03:32:53Hong Kong-listed CITIC Resources to swap Dagang stake for Ivanhoe Energy shrs
HONG KONG (AFX) - CITIC Resources Holdings, a unit of the state-owned CITIC Group, said it is to swap its 27.4 mln usd interest in Dagang oil project for shares of Nasdaq- and Toronto-listed Ivanhoe Energy.
2006-02
22 23:52:52Mitsubishi-Hitachi Metals buys US surface treatment machinery firm - report
TOKYO (AFX) - Mitsubishi-Hitachi Metals Machinery Inc and Mitsubishi Corp have purchased New Gencoat Inc, a major US metal surface treatment equipment maker, for an estimated price of slightly above 1 bln yen, the Nihon Keizai Shimbun reported without citing sources.
2006-02
22 23:22:12Fujitsu to buy US information systems firm for 20-30 bln yen - report
TOKYO (AFX) - Fujitsu Ltd plans to acquire US information system development and consultancy company Rapidigm Inc for 20-30 bln yen to expand its US operations, the Nihon Keizai Shimbun reported citing the company. For more information and to contact AFX: www.afxnews.com and www.afxpress.com
© 2006 AFX News
