Victoria's Feed
Jul 11, 2012

Exclusive: Teliasonera aims to sell Spanish unit – sources

LONDON (Reuters) – Teliasonera (TLSN.ST: Quote, Profile, Research, Stock Buzz) wants to sell its Spanish mobile operator Yoigo, four people familiar with the matter said, in a 1 billion euro ($1.2 billion) plus deal that could attract tycoon Carlos Slim, Vodafone (VOD.L: Quote, Profile, Research, Stock Buzz) and France Telecom (FTE.PA: Quote, Profile, Research, Stock Buzz) as bidders.

The Nordic telecoms group has hired Deutsche Bank (DBKGn.DE: Quote, Profile, Research, Stock Buzz) to manage the disposal of its 76 percent stake in Yoigo, the people said, as it exits non-core markets in favor of its Scandinavian heartland and higher-growth central Asia.

Jul 10, 2012

Exclusive: Get cable owners seek 1 billion euro sale – sources

LONDON (Reuters) – The private equity owners of Norwegian cable group Get are preparing for a 1 billion euro-plus ($1.2 billion) sale of the company, people familiar with the situation said, aiming to tap one of the most active sectors for buyout groups since the credit crisis.

Telecoms- and technology-focused buyouts group Quadrangle and Goldman Sachs Capital Partners are considering putting the country’s second largest cable company up for sale later this year, or early next year, three people said.

Jul 10, 2012

Get cable owners seek 1 bln euro sale-sources

LONDON, July 10 (Reuters) – The private equity owners of
Norwegian cable group Get are preparing for a 1 billion
euro-plus ($1.2 billion) sale of the company, people familiar
with the situation said, aiming to tap one of the most active
sectors for buyout groups since the credit crisis.

Telecoms- and technology-focused buyouts group Quadrangle
and Goldman Sachs Capital Partners are considering putting the
country’s second largest cable company up for sale later this
year, or early next year, three people said.

Jul 10, 2012

Old-school banker Agius left picking up pieces at Barclays

LONDON (Reuters) – Ever the gentleman, Marcus Agius quit as chairman of Barclays (BARC.L: Quote, Profile, Research) last week in a doomed attempt to protect Bob Diamond, who was resisting calls to step down as chief executive over the rigging of interest rates by the British bank’s traders.

Admirers say Agius showed integrity by placing the good of the bank above his own interest, but as post-mortem criticism of the Diamond era intensifies, his loyalty to the brash American may go down in banking history as his worst failing.

Jul 10, 2012

Old-school banker left picking up pieces at Barclays

LONDON (Reuters) – Ever the gentleman, Marcus Agius quit as chairman of Barclays last week in a doomed attempt to protect Bob Diamond, who was resisting calls to step down as chief executive over the rigging of interest rates by the British bank’s traders.

Admirers say Agius showed integrity by placing the good of the bank above his own interest, but as post-mortem criticism of the Diamond era intensifies, his loyalty to the brash American may go down in banking history as his worst failing.

Jul 10, 2012

Old-school banker left picking up pieces at Barclays

LONDON, July 10 (Reuters) – Ever the gentleman, Marcus Agius
quit as chairman of Barclays last week in a doomed
attempt to protect Bob Diamond, who was resisting calls to step
down as chief executive over the rigging of interest rates by
the British bank’s traders.

Admirers say Agius showed integrity by placing the good of
the bank above his own interest, but as post-mortem criticism of
the Diamond era intensifies, his loyalty to the brash American
may go down in banking history as his worst failing.

Jul 5, 2012

Qatar says sticking to its guns on Glencore deal

LONDON (Reuters) – Qatar, the second-largest shareholder in Xstrata (XTA.L: Quote, Profile, Research, Stock Buzz), said on Thursday it was “firm” in its demand for improved terms from commodities trader Glencore (GLEN.L: Quote, Profile, Research, Stock Buzz), which hopes to take over miner Xstrata in a $26 billion deal.

Glencore, Xstrata’s top shareholder with an almost 34 percent stake, is offering 2.8 new shares for every Xstrata share held.

Jul 5, 2012

Generali picks JP Morgan to sell BSI-sources

LONDON, July 5 (Reuters) – Italy’s biggest insurer Generali
has appointed JP Morgan to sell its BSI
private banking unit as the company prepares for a strategic
overhaul under incoming chief executive Mario Greco, two sources
familiar with the matter said on Thursday.

The former Zurich Financial Services executive
will take up his post on August 1, replacing Giovanni
Perissinotto, who was ousted by the board for losing the support
of top shareholder Mediobanca.

Jun 29, 2012

Glencore and Qatar enter $26 billion poker game

LONDON (Reuters) – Commodities trading giant Glencore (GLEN.L: Quote, Profile, Research, Stock Buzz) and Xstrata (XTA.L: Quote, Profile, Research, Stock Buzz) are digging in for days or even weeks of brinkmanship to try and save Glencore’s $26 billion takeover deal after Qatar’s state investment fund interrupted proceedings this week with a last-minute call for better terms.

Bankers involved in the transaction have already flown out to the oil-rich Gulf state as the companies roll up their sleeves for what one person familiar with the matter described as a “poker game”.

Jun 29, 2012

Glencore and Qatar enter $26 bln poker game

LONDON, June 29 (Reuters) – Commodities trading giant
Glencore and Xstrata are digging in for days or
even weeks of brinkmanship to try and save Glencore’s $26
billion takeover deal after Qatar’s state investment fund
interrupted proceedings this week with a last-minute call for
better terms.

Bankers involved in the transaction have already flown out
to the oil-rich Gulf state as the companies roll up their
sleeves for what one person familiar with the matter described
as a “poker game”.