Victoria's Feed
Oct 10, 2011

France Tel moves ahead on Swiss unit sale despite crisis

PARIS (Reuters) – France Telecom (FTE.PA: Quote, Profile, Research, Stock Buzz) is moving ahead with the sale of its Orange Switzerland unit this week, despite concerns among some potential bidders that it will be tough to borrow enough to finance the deal given banks’ increasing wariness to lend.

As part of a broader portfolio review, France Telecom is seeking to exit Switzerland where it has long lagged in third place in terms of market share behind leader Swisscom (SCMN.VX: Quote, Profile, Research, Stock Buzz) and Sunrise (SRTI.PK: Quote, Profile, Research, Stock Buzz).

Oct 4, 2011

DealTalk: Governments to let curtain fall on Dexia

LONDON (Reuters) – Struggling Dexia (DEXI.BR: Quote, Profile, Research, Stock Buzz) may resurrect 2008′s abandoned break-up plan, isolating toxic assets in a bad bank and selling or nationalizing the rest, four sources working on the current rescue plan said.

The move will likely lead to the disposal of the Turkish retail bank, the wealth management business, the asset management businesses and Dexia’s joint venture with Royal Bank of Canada (RY.TO: Quote, Profile, Research, Stock Buzz), raising billions of euros, according to analysts.

Oct 4, 2011

Governments to let curtain fall on Dexia

LONDON, Oct 4 (Reuters) – Struggling Dexia may
resurrect 2008′s abandoned break-up plan, isolating toxic assets
in a bad bank and selling or nationalising the rest, four
sources working on the current rescue plan said.

The move will likely lead to the disposal of the Turkish
retail bank, the wealth management business, the asset
management businesses and Dexia’s joint venture with Royal Bank
of Canada , raising billions of euros, according to
analysts.

Sep 30, 2011

Q3 deal slump nearly halves investment banking fees

LONDON, Sept 30 (Reuters) – Investment banking fees fell to
their lowest level for over two years in the third quarter,
dragged down by a collapse in capital markets mandates that led
to fierce competition for the few remaining deals.

Global investment banking fees totalled $13.2 billion in the
third quarter, according to estimates from
ThomsonReuters/Freeman Consulting, a fall of 43 percent on the
healthier second quarter before economic uncertainty stifled
confidence.

Sep 28, 2011

Exclusive: Warburg Pincus considers Mach software sales: sources

LONDON (Reuters) – Warburg Pincus is considering the sale of Mach, its Luxembourg-based business that provides roaming and billing services to mobile phone companies, four people familiar with the matter said.

The buyout firm has hired Barclays Capital (BARC.L: Quote, Profile, Research, Stock Buzz) to review options for Mach, which could fetch around $750 million if sold and includes Telefonica (TEF.MC: Quote, Profile, Research, Stock Buzz), Microsoft (MSFT.O: Quote, Profile, Research, Stock Buzz) and Verizon (VZ.N: Quote, Profile, Research, Stock Buzz) among its customers, the people said.

Sep 28, 2011

Warburg Pincus considers Mach software sale-sources

LONDON, Sept 28 (Reuters) – Warburg Pincus is considering
the sale of Mach, its Luxembourg-based business that provides
roaming and billing services to mobile phone companies, four
people familiar with the matter said.

The buyout firm has hired Barclays Capital (BARC.L: Quote, Profile, Research, Stock Buzz) to
review options for Mach, which could fetch around $750 million
if sold and includes Telefonica (TEF.MC: Quote, Profile, Research, Stock Buzz), Microsoft (MSFT.O: Quote, Profile, Research, Stock Buzz) and
Verizon (VZ.N: Quote, Profile, Research, Stock Buzz) among its customers, the people said.

Sep 23, 2011

DealTalk: Small may be beautiful for UBS investment bank

LONDON (Reuters) – UBS (UBSN.VX: Quote, Profile, Research, Stock Buzz) may have to give up its cherished place among the world’s top investment banks, scaling back to focus on wealth management and exiting many of the higher-risk trading businesses where it has made heavy investments.

As Chief Executive Oswald Gruebel battles to preserve the investment bank — and perhaps his own future — some of his own senior bankers, as well as peers at rival firms say UBS could look very different in just two years time.

Sep 23, 2011

Small may be beautiful for UBS investment bank

LONDON, Sept 23 (Reuters) – UBS may have to give
up its cherished place among the world’s top investment banks,
scaling back to focus on wealth management and exiting many of
the higher-risk trading businesses where it has made heavy
investments.

As Chief Executive Oswald Gruebel battles to preserve the
investment bank — and perhaps his own future — some of his own
senior bankers, as well as peers at rival firms say UBS could
look very different in just two years time.

Sep 23, 2011

Deals: Merger bankers seek action as economies sink

NEW YORK/LONDON (Reuters) – Mergers and acquisitions slowed significantly in the third quarter, stymied by economic uncertainty that stifled the confidence and growth horizons of corporate executives, according to Wall Street dealmakers.

The few companies eager to seize on opportunities are bumping up against reluctant lenders.

Sep 23, 2011

Intesa interested in BCP’s Polish unit -sources

WARSAW/LONDON, Sept 23 (Reuters) – Italy’s Intesa Sanpaolo
is interested in buying Bank Millennium , the
Polish arm of Portuguese lender Millennium bcp , joining
at least three other potential bidders, sources told Reuters on
Friday.

“Intesa Sanpaolo is definitely interested,” one of the
sources familiar with the matter said.