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Vimpelcom fails to reach deal on Wind, 3 Italia merger
2014-10-28 09:38:00| Telecompaper Headlines
(Telecompaper) The possibility of a merger between Wind and 3 Italia, the Italian mobile phone units of Vimpelcom and Hutchison Whampoa, has been called off by Vimpelcom after the companies failed to reach an agreement. Without identifying the potential partner, Vimpelcom confirmed in a statement that it had "held discussions to explore the potential value which would accrue to shareholders through a 50-50 joint venture in Italy," going on to add that "no conclusion to these discussions was reached." The companies have been holding on-off talks since December, with Wind's debt of around EUR 9.5 billion representing the main a hurdle to a deal, but the debt refinancing plan implemented by Vimpelcom in April gave fresh impetus to a possible merger, with Italian press reports stating that Goldman Sachs and Deutsche Bank had been working on behalf of 3 Italia and Wind respectively to iron out any remaining problems. In its statement Vimpelcom added that it will continue to "explore value-adding transactions."
ABB wins $55m deal for construction of substation in UAE
2014-10-28 01:00:00| Power Technology
UAEs power utility Dubai Electricity & Water Authority (DEWA) has awarded a $55m contract to Swiss technology group ABB for construction of a substation, which will connect Mohammed Bin Rashid solar park to the UAE grid.
Tags: construction
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Williams Partners and Access Midstream agree to merge in $50bn deal
2014-10-28 01:00:00| Hydrocarbons Technology
Williams Partners and Access Midstream Partners have agreed to merge in a transaction worth about $50bn.
Tags: access
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WestJet Airlines reaches tentative five-year deal with flight attendants
2014-10-27 22:24:39| Airlines - Topix.net
WestJet Airlines Ltd. said Monday that it has reached a tentative agreement with the group representing its flight attendants. The airline said the proposed five-year deal with WestJet's Flight Attendant Association Board replaces an earlier memorandum of agreement.
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airlines
Chiquita OKs $681M Deal With 2 Brazilian Bidders
2014-10-27 21:40:26| Agriculture - Topix.net
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