Oerlikon-Buehrle drops its plan to spin off Bally

Article Abstract:

Oerlikon-Buehrle Holding AG, a technology group based in Switzerland, has shelved plans for a divestiture of its shoes and accessories group, Bally. The company cited changing changing economic situation in deciding to make the group a part of a strategic alliance or be sold to an investor which enjoys the support of an investment bank. The board of Oerlikon-Buehrle Holding also gave its approval for substantial investments in new product developments for the Pilatus Group to boost its competitiveness.

Comment:

Oerlikon-Buehrle Holding AG shelves plans for a divestiture of the shoes and accessories group

Asset sales & divestitures, Switzerland, Parent-to-subsidiary activities, Leather & Products, Leather and Allied Product Manufacturing, Leather goods, Oerlikon-Buehrle Holding AG, Article, Bally

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Business view is upbeat in France but sour in Italy

Article Abstract:

Business confidence in France is up in July 2006, with confidence in increased exports. Business confidence in Italy is down with indications that the economic recovery may be tenative. Consumer prices rose in Germany.

Italy, Germany, France, Economic aspects, Economic indicators, Confidence

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