Ebner at centre of 'sweetheart' claim

Article Abstract:

Minority shareholders in Italian tyre and cables group Pirelli claim that it is involved in complex 'sweetheart' arrangements with Martin Ebner, one of the leading European financiers. They allege that Ebner sold his stake in Societe Internationale Pirelli, a Swiss financial holding company, at a low price while at the same time he obtained an advantageous price on the purchase of a stake in Pirelli Spa, the main company. Pirelli emphasizes that the price paid by Ebner for his stake was the average of the previous month's trading.

Tires and inner tubes, Tires, Tire Manufacturing (except Retreading), Investor relations, Pirelli S.p.A., Tire industry, Ebner, Martin

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GCHQ deal shows PFI is here to stay

Article Abstract:

A consortium including security concern Group 4, construction company Tarmac and British Telecommunications has won a 300 million pounds sterling Private Finance Initiative (PFI) contract to rebuild the UK's Government Communications Headquarters (GCHQ). The project will unite the GCHQ operations currently in two buildings. There are two sites under consideration - Gloucester, England, and Benhall in Cheltenham, England. The deal is regarded as a significant boost for the PFI, which has attracted considerable controversy.

Commercial and Institutional Building Construction, Nonresidential construction, not elsewhere classified, Government Service Bldgs, Design and construction, Public building construction, Private sector, Public buildings

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DTI bars Ladbroke from buying Coral

Article Abstract:

UK Secretary of State for Trade and Industry Peter Mandelson has opposed the 363 million pounds sterling purchase by hotel and leisure group Ladbroke of the Coral chain of betting shops. Ladbroke must now sell the 891 shops within six months. Mandelson believed that the purchase was anti-competitive because Ladbroke is already the largest owner of off-racecourse betting shops in the UK. Furthermore, the deal would have left the betting market with only two national bookmakers, William Hill and Ladbroke.

Misc. Amusement, Recreation Services, Legal Gambling, Gambling Industries, Mergers, acquisitions and divestments, Gambling industry, Gambling, Ladbroke Group PLC, Coral Leisure Group Ltd.

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