LVMH won't seek stake in Credit Lyonnais; luxury-goods company to make new U.S. acquisition
Article Abstract:
LVMH Moet Hennessy Louis Vuitton has withdrawn its bid for a 1% stake in Credit Lyonnais in its coming privatization. LVMH wanted to develop a credit-card partnership with the French bank, but lost interest when all the other prospective bidders turned out to be financial groups. LVMH says that it will instead make a US acquisition in fragrances and cosmetics. LVMH Chairman Bernard Arnault says the group's operating income should increase 15% in 1999 compared to 1998, and is positioned to profit from an Asian recovery.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Credit Agricole designs IPO to start low, finish high
Article Abstract:
Credit Agricole prices shares of its initial public offering relatively low, and limits stock offered to institutional investors, in hopes the price will quickly rise.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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