Pinault signs Bouygues shareholder pact

Article Abstract:

Bouygues S.A. Chairman Martin Bouygues has signed a 3-year standstill pact with Francois Pinault, temporarily halting speculations about a takeover of the French construction-to-communications firm. Under the agreement, Pinault's Artemis S.A. and Martin and Oliver Bouygues will pool their shares in the conglomerate, vote together, and have the right of first refusal on each other's shares. The Bouygues brothers and Pinault holdings in the conglomerate will be kept below 33% to avoid triggering a French law requiring a full takeover bid.

Construction, France, Stockholder data, Management, Construction industry, Investments, Abstract, Bouygues S.A., Artemis S.A.

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Esser is enlisted by General Atlantic for telecom group

Article Abstract:

Klaus Esser has been appointed as the head of General Atlantic Partners's global telecommunications division. The appointment of the fifty-three year-old Esser reflects the growing interest among American investment firms in the expanding high-tech markets of Europe.

United States, Foreign operations, Germany, Venture Capital Companies, Miscellaneous Intermediation, Investors, not elsewhere classified, Esser, Klaus, General Atlantic L.L.C.

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Lucent executive to succeed Bonfield at BT Group

Article Abstract:

BT Group PLC has appointed Ben Verwaayen as its new chief executive. Verwaayen, who has served other telecom firms, will be replacing Sir Peter Bonfield.

United Kingdom, Chief executive officers, Bonfield, Peter, BT Group PLC, Verwaayen, Ben

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