Daewoo no. 1 investor. (Daewoo Corporation and Daewoo Heavy Industries sign preliminary agreement)

Article Abstract:

Daewoo Corporation and Daewoo Heavy Industries have entered into a preliminary agreement with the Polish ministry of Industry over the privatisation of Fabryka Samochodow Osobowych (FSO), a car manufacturer. The State Treasury is to liquidate FSO and all assets and liabilities will be contributed to a company to be set up with Daewoo. Daewoo is to invest $1.12 billion in FSO during the next six years, and FSO's current level of employment will be maintained for three years.

Daewoo Corp.

---

New plan for Renault

Article Abstract:

The French government is planning to sell only a small part of Renault, a vehicle manufacturer, rather than all of its stake. Between 3-10% may be offered privately to core shareholders. This would remove management uncertainties about the future of the group. BNP, Matra and Elf Aquitaine, all existing shareholders, are keen to increase their stakes. There is also interest from EDF, Benetton, Credit Mutuel, AGF, Bayerische Landesbank and Union de Banques Suisses.

---

French programme glides onwards

Article Abstract:

The government in France has reduced its stake in Renault, a car maker, to 46%, following a placement of 6% of shares. New shareholders include AGF, BNP, Bayerische Landesbank, CCF, Lazard Freres and Credit National. A tender has also been published for Compagnie Generale Martime (CGM), the shipping group, and the privatisation of Caisse Natioale de Prevoyance-Assurances is being considered.

France

Similar abstracts:

• Abstracts: STIC may provide access to Singapore Inc. for investors. It may be time to sell off property shares in colony
• Abstracts: Common denominator. Feeding frenzy: rise in corruption could taint India's free press. Paper tigers
• Abstracts: Analysts advise investors to put PLDT on hold. Bad news in the Philippines may be good for shares. PLDT, Petron shares seen as bargains in Philippine market
• Abstracts: World Bank rolls up sleeves to cure corporate-debt ills. Thai central bank chief resigns amid criticism. Thai bank chief sets out steady course for economy
• Abstracts: Uncertain future: is the U.S.-Japan alliance past its prime? part 2 Eye of the beholder

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.