Suez Lyonnaise des Eaux agrees to buy out its Argentine partner

Article Abstract:

Suez Lyonnaise des Eaux of France has agreed to acquire Sociedad Comercial del Plata SA (SCP) of Argentina in a deal valued at up to $150 million. The final price of the deal has not been finalized yet according to Jean-Louis Chaussade, Suez-Lyonnaise's Latin American operations director. Suez Lyonnaise will be acquiring all of its Argentine partner's interests in four water-works firms in Argentina. SCP could use the profit ranging $60 million to $70 million it may secure from the sale to pay its debt of about $100 million, due in December 1998.

Comment:

Agrees to acquire Sociedad Comercial del Plata SA of Argentina in a deal valued at up to $150 mil

Asset sales & divestitures, Acquisitions & mergers, Water Supply & Use, Water Supply and Irrigation Systems, France, Facilities & equipment, Argentina, SUEZ S.A., Article, Sociedad Comercial del Plata SA

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Vivendi, Softbank plan web deal

Article Abstract:

Vivendi SA is starting up a major Internet alliance in Europe with Japan's Softbank Corp. The alliance will involve the pooling of the two companies' resources for the purpose of investing in new Internet companies in Europe. The alliance emphasizes Vivendi chairman Jean-Marie Messier's commitment to turn the company into a major multimedia entity. The alliance will also probably speed up the development of the Internet industry in Europe.

Comment:

Vivendi starting up major Internet alliance in Europe with Softbank

Europe, Japan, On-Line Information Services, Videotex & Teletext, Online services, Internet services, Contracts, Softbank Corp., Vivendi S.A.

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Tabcorp checks the odds in Macau

Article Abstract:

Tabcorp. Holdings Ltd. of Australia is considering opening casinos in Macao, the largest market for gambling world wide. The Australian market is very competitive with not much room for growth. Preliminary talks are occurring with Richard Branson's Virgin Group Ltd. of the United Kingdom.

Macao, Amusement and recreation, not elsewhere classified, United Kingdom, Australia, Foreign operations, Gambling industry, Alliances and partnerships, Company overview, Tabcorp Holdings Ltd., Virgin Group Ltd., Financial report

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