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Trujillo Said to Seek $9.6 Billion With Arab Funds for Telecom Italia Bid
2014-09-26 06:04:09| Telecom - Topix.net
Former Telstra Corp. Chief Executive Officer Sol Trujillo is seeking to raise as much as 7.5 billion euros to bid for a stake in Telecom Italia SpA , according to people familiar with the matter. Trujillo has discussed the plan with New York-based financial advisers, and sovereign-wealth funds in Qatar and Abu Dhabi are among investors that have expressed interest, said the people, asking not to be identified because the proposal is private.
CSR could still be hopeful of bid from Apple
2014-09-25 17:14:04| Semiconductors - Topix.net
CSR has extended the deadline for any further bid from US-based Microchip Technology to October 15th [2014] "to enable the parties to conclude their ongoing discussions" the company said in a statement. As GoMo News previously reported here , CSR rejected Microchip's initial approach as too low.
Trujillo preparing EUR 7.5 bln Telecom Italia bid - report
2014-09-25 14:57:00| Telecompaper Headlines
(Telecompaper) US businessman Sol Trujillo, former CEO of Australian operator Telstra, is seeking to raise around EUR 7.5 billion to bid for a stake in Telecom Italia, according to unnamed sources cited by Bloomberg. Sovereign wealth funds in Qatar and Abu Dhabi are said to have expressed interest in funding Trujillo's plan, dubbed "Adriano". If the project is successful, Trujillo would become Telecom Italia's CEO and set up a new management team, according to Bloomberg, which says EUR 7.5 billion is equivalent to around half of Telecom Italia's market value. The sources added that Trujillo has yet to approach Telecom Italia because the plan isn't fully funded and he wants to drum up support from the Italian government, which retains a so-called golden share to veto deals involving industries it considers to be of national interest. However, senior Italian officials are said to be aware of the project and the government is apparently open to the idea of a foreign investor in Telecom Italia.
Germany to offer free parking in bid to spur green car sales
2014-09-25 13:23:00| Auto Dealers - Topix.net
Germany will offer green car buyers the prospect of free parking as Chancellor Angela Merkel's government seeks to have 1 million electric vehicles on German roads by 2020, from about 21,000 at the start of the year. The German cabinet today backed a bill that would enable municipalities to offer drivers of battery-powered cars, fuel cell vehicles and some plug-in hybrids privileges including parking and the right to use bus lanes, the Environment Ministry said in a statement.
U.S. judge rejects BP bid to recoup some payments made for spill
2014-09-24 21:02:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: BP Plc cannot recoup what it says were inflated claims paid under a multi-billion dollar settlement program to compensate people hurt by the 2010 Gulf of Mexico oil spill, a U.S. judge ruled on Wednesday. BP originally expected the payout program to cost $7.8 billion, but it has said the final bill, from the uncapped agreement that is handling thousands of claims, could be considerably higher. The oil major has filed numerous motions to challenge what it says are excessive fees charged by the...
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