Shell pulls out of group seeking big Rosneft stake

Article Abstract:

Royal Dutch/Shell has abandoned a consortium that is seeking to acquire 75% plus one share of Rosneft, the biggest oil company that remains on the hands of the Russian government. The company said that the present weakened condition of oil prices does not justify making a bid for Rosneft. Also cited was troubled economic condition in Russia, which would require Shell to fund a substantial portion of the bid. Shell was supposed to be making a bid for a majority stake in Rosneft with Gazprom and Lukoil.

Comment:

Abandons a consortium that is seeking to acquire 75% plus one share of Rosneft

Petroleum, Petroleum and Coal Products Manufacturing, Royal Dutch-Shell PLC, Article

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Buhrmann plans hostile bid for Samas, Ahrend

Article Abstract:

Buhrmann NV announced that it is planning to make acquisition offers for Samas-Groep NV and Koninklijke Ahrend NV. Buhrmann's offer is expected to reach approximately 750 million euros.

Furniture, Furniture Wholesale, Furniture Wholesalers, Mergers, acquisitions and divestments, Wholesale industry, Wholesale trade, Furniture industry, Buhrmann N.V., Samas-Groep N.V., Koninklijke Ahrend N.V.

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Dutch budget seeks to slash welfare state

Article Abstract:

Holland's conservative government has proposed a budget that would make major cuts into the nation's welfare system. Holland's economy is close to being in recesssion.

Financial management, Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs), Public Assistance & Income Supplements, Planning, Finance, Budget, Budgets, Welfare, Public assistance, Company business planning, Company financing

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