France aims to privatize Credit Lyonnais in 1999
Article Abstract:
Credit Lyonnais, a bank in France, will be privatized by the French government in the first half of 1999, depending on the conditions of the market. A government official has revealed a plan intended to ensure the bank's recovery and shield it from a hostile takeover. He says the plan will assure the state, the bank, employees and tax payers of a protection of their interests. The sale will include the transfer of around one-third interest to a group of core shareholders composed of Credit Lyonnais' present business partners or other interested institutions.
Comment:
Will be privatized by French government in first half of 1999, depending on conditions of market
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:
France confirms revamp at Giat will include up to 4,000 job cuts
Article Abstract:
Giat Industries SA of Paris, France, a defense group, is planning to embark on a companywide restructuring that will lead to the elimination of 3,500 to 4,000 jobs and the shut down of a number of production facilities, said France's Defense Minister Alain Richard. Giat, which employs 10,500 people, is expected to effect the changes to improve its profitability, said Richard. Meanwhile, Richard claimed that the government will also consider layoffs and plant shut downs when it makes plans to reduce military units and cut down defense industry operations.
Comment:
Plans a restructuring that will lead to the elimination of 3,500 to 4,000 jobs & shutdown of a number of production facilities
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:
Coca-Cola, Orangina workers ser pact
Article Abstract:
Coca-Cola Co. signed an accord with France-based soft-drink company Orangina, guaranteeing jobs and present salaries through 2000 and maintaining a 35-hour workweek. The agreement was reached just two days before the deadline for the French government's approval of rejection of Coca-Cola's pending acquisition of Orangina. Government approval is dependent upon Coca-Cola's protection of competition in the French soft-drink market
Comment:
Signed an accord with France-based soft-drink company Orangina, guaranteeing jobs and present salaries through 2000
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: Romania talks of completing sales in 1999. Thailand completes first bank privatization
- Abstracts: Telelink is targeting Filipinos in Hong Kong with pager service. 'Bigger isn't always better;' fat free, a tiny ad firm, squeezes into niche
- Abstracts: TOS Varnsdorf A prospective investment in Tos Varnsdorf. The connection of OSO Olomouc and TOS Varnsdorf
- Abstracts: TATA TEA TASTES RECORD 74% RISE IN NET TO Rs102 CRORE MRF POSTS Rs102-CR NET, TO PAY 90% DIVIDEND. FLEX RECORDS Rs102.83-CR LOSS
- Abstracts: THE SLIP IS BEGINNING TO SHOW: RANBAXY LTD RANBAXY ANNOUNCES 1:1 BONUS, Rs10 DIVIDEND RANBAXY'S PAT SLIPS 8.9%, SALES UP 9.6%