France Telecom may tread water on Bourse
Article Abstract:
The French equity market must get around 100 million more France Telecom shares in September and October 1998 when the government will float another tranche of the company and the company itself will raise capital. According to analysts, the capital increase is needed to cut the 10% premium paid by investors due to the small number of shares available. The influx of new stock would mean that share price will remain at their current trading range of 380 French francs to 410 francs. Downward pressure on the shares will be limited because the company is coping with competition in France and abroad.
Comment:
Will awash equity market with new shares in September and October 1998
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Publicis to boost presence in Asia
Article Abstract:
Publicis SA, a French advertising firm, anticipates to accomplish five purchases in five Asian countries before the end of 1998. The company reported that negotiations are ongoing in India, China, Hong Kong, Taiwan and Malaysia. Publicis, which has already acquired advertising agencies in Singapore, Indonesia, Thailand and Vietnam, as well as in Cambodia, Laos, Myanmar and the Philippines, also anticipates to make purchases in South Korea and Japan in 1999 in a move that completes the firm's $100 billion investment proposal in Asia.
Comment:
Anticipates to accomplish 5 purchases in 5 Asian countries before the end of 1998
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
EDF's Alphandery and Daures resign
Article Abstract:
Electricite de France's (EDF's) chairman Edmond Alphadery and vice-chairman Pierre Daures have resigned. Defense Ministry chief of staff Francois Roussely has been suggested to be considered as Alphandery's replacement. The appointment of a new chairman will be made during the cabinet's weekly meeting on July 1, 1998. The resignations were triggered by the publicly growing discord between Daures and Alphadery. Alphadery alleged that the dispute was partly rooted to how EDF choose its management team.
Comment:
Its chairman Edmond Alphadery and vice-chairman Pierre Daures have resigned
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Rival's shopping exposes Gucci's weak spot. Publicis to buy U.S. ad agency, boost presence. Pinault seeks to buy all shares of Christie's
- Abstracts: Surge in electric-power sales. Surge in electric-power sales: companies push to win more projects in Asia. Daewoo unit sale in doubt
- Abstracts: Telecom Italia may seek Bernabe as its next CEO. BNL is marketed as having started needed revamp. Italian network of mobile phones wins a license
- Abstracts: Marks & Spencer damps already sour retail sector. Selfridges reports profit gain; CEO sees benefits of renovation
- Abstracts: PowerGen shares surge on deal hopes. Enron to buy U.K.'s Wessex Water. PowerGen to acquire East Midlands PLC for $1.41 billion