Archive for the ‘company’ tag
Mediaset launches development in the corporate
The board of Mediaset has launched a project to change the corporate structure which covers some businesses of the group. The project aims to adapt the company structure with the legal provisions of the Act on digital terrestrial and improve management efficiency with particular attention to cost control. The board of the subsidiary RTI has put out the necessary activities prior to project implementation which provides, inter alia: the provision of Industrial Electronics, companies’ wholly owned subsidiary of RTI, the infrastructure to transmit the signal, the acquisition by Mediadigit (a company indirectly controlled by Mediaset) of activities related to thematic channels and new media, the merger of Mediatrade, a wholly owned subsidiary of RTI.
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Chelini: “Nationalization of France Telecom, from the 3rd World”
“The possible nationalization of France Telecom would be an unprecedented, comparable only to the financial legerdemain of the 3rd world countries in a way that violates all rules of free market competition” Simone explained Chelini respondió shareholder of Nextra Europe. Chelini goes on to explain that “the real problem is not buying back the entire capital of France Telecom by the French government (now the biggest shareholder), but the subsequent recapitalization of the company and required that appears collapsed with debts.” According Chelini is incredible that the French state can expect to solve the issue in this manner, considering the fact that the main responsibility for this situation is the chairman Michel Bon inisediato by the government itself. “The company has been unable to manage cash flow huge and ever-tougher competition, nationalization would be a convenient way to gain market share at the expense of free competition”, concluded Chelini.
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Merrill Lynch strong buy on Vivendi Universal
Merrill Lynch has issued strong buy recommendation on short-and long-term basis Tele +. The target price has instead been given to 20.4 euros. The EPS, meanwhile, was considered by analysts of 1 euro for 2002 and 1.6 euros for 2003. Merrill Lynch believes that will soon sell one company between Tele + and Elektrim to achieve the goal of reducing debt and bringing to 15 billion euros. At this moment the title Vivendi Universal is losing 0.6% after a very positive start to the session.
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Rebound for Pirelli Real Estate
Hints of awakening for the last freshman Piazza Affari. Pirelli Real Estate is in fact rising by 2% with the title changing hands at 22.60 euros. The company’s real estate group Bicocca had debuted last Tuesday at 26 euros.
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Vivendi Universal, JP Morgan upgrade to buy
Analysts at JP Morgan raised its recommendation on the purchase of Vivendi Universal, bringing it from Market Perform to Buy. The broker believes too much in particular the descent of the title in recent weeks, despite the bad news regarding the company average. At this moment, Vivendi exchanges in Paris to 21.59 euros (+8%).
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Mediobanca insensitive hypothesis Ferrari
Not too much seems to excite the market the possibility that the company purchases the Piazzetta Cuccia 35% of Ferrari. Mediobanca is preparing to close at 9.18 euros in fact, practically on the levels of yesterday. Volumes in the media. Indiscretion assumed pay approximately 870milioni euros, then an estimate of the total Maranello 2.5 billion.
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France Telecom against all
It ‘a difficult time for the French company France Telecom seems to have many opponents. Michel Bon, a number of telecom trans, this morning he wanted the houses of rapping on the debt rating yesterday after Moody’s cut its rating on the stock. According Bon fact analysts are looking with too much attention to the short term and give too little consideration to the prospects in the long. Operators of the bag seems to be opposed strongly to the management of M. Bon, asking aloud the launch of a capital increase so as to limit the power of action of speculators. Always Bon said this morning that the operation is not necessary. The title meanwhile continues its descent into the Paris stock market testing new lows. Today, the session is positive and the title, after an uncertain start, marks +3.5%.
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Impregilo sinks, new low for Astaldi
Monday nightmare for Impregilo. The title of the Milan-based company is in fact losing share to 12.35% thus approaching 0.50, levels not seen since February. The new joints downgrade by Moody’s and S & P on the countries of Latin America, combined with the 50 mln euro bond, are pushing the minimum Impregilo. Of note is the drop in Astaldi: -4.64% to 2.67 euros, new lows.
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SEAT slip, high trade
Do not subside sales on Seat which touched new lows. The title of the company which publishes the Yellow Pages is leaving the ground more than 4% to 0.72 euros after a minimum quota intraday 0.714 euros. Very high trade: more than 27.5 million pieces against a daily average of the last thirty days of 23.4 mln. Seat is also influenced by the upcoming IPO English: Yell. The market punishes those directories since Italian English appear cheaper.
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CDC buys business segment Test
CDC, through its subsidiary Direct, will detect the business unit made up of the Italian operations of Review, a distributor of IT with 30 million in sales. The mechanism of the acquisition includes two stages: initially Cdc lease the business division, through a contract period of six years and an annual rent of 400 thousand euros in parallel to the rent, will have a direct right of option, at a price of 400 thousand euros, to acquire 100% of the company branch target. The option, exercisable during the entire duration of the lease, will acquire ownership of the commercial activities of Italian Test at the end of the lease period to 2.5 million euros, of which 50% will be set by actions CDC SpA newly issued. Test expected to reach 40 million in sales in 2002.