Thyssen's interest lifts Cockerill
Article Abstract:
Cockerill Sambre SA's shares rose by 11% primarily due to Thyssen Krupp Stahl AG's announcement that it was interested in acquiring a majority stake in the company. Thyssen Krupp, the largest steel manufacturer in Europe, is interested in the company due to Cockerill's German EKO division. Thyssen Krupp, which was recently formed by a merger between Thyssen AG and Fried. Krupp AG Hoesch Krupp, joins Usinor SA, Arbed SA and British Steel PLC as the other potential buyers of Belgium's largest steelmaker. Analysts also pointed out that Thyssen Krupp's declaration of its interest will result in a more competitive bid for Cockerill.
Comment:
Announces that it has made a bid for a majority stake in Cockerill Sambre SA
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
CNP aims to redefine itself but skeptics remain
Article Abstract:
Compagnie Nationale a Portefeuille SA's (CNP) plan to redefine itself fails to impress some analysts. According to investor Albert Frere, whose huge holdings include Belgian-based CNP, CNP will start focusing on three core sectors, including the hi-tech market of the Internet, multimedia and digital technology. CNP will also focus on the sweet-foods sector and specialized transport. Some analysts, including Loic de Caters of Generale Bank, said they are not excited with CNP's effort because of the firm's lack of transparency. The analysts also doubt's CNP sincerity and ability to make itself another GIMV.
Comment:
Plan to redefine itself fails to impress some analysts
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Usinor, Thyssen Krupp chosen to bid for Cockerill
Article Abstract:
Thyssen Krupp Stahl AG and Usinor SA have both been chosen by Belgian officials to be in final talks on purchasing Cockerill-Sambre SA, a deal that could create the biggest steel concern in Europe. The German and French firms have been given a month to finalize their bids for Cockerill, a midsize independent steel business that is notably strong in specialized coated steel products. A final decision will be made be early September 1998, according to a spokesman for Belgium's regional government of Wallonia, which holds 79% of Cockerill-Sambre.
Comment:
Along with Thyssen Krupp Stahl AG, is chosen by Belgian officials to be in final talks on purchasing Cockerill-Sambre SA
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: UEM draws foreign interest; Malaysian firm seen posting short-term gains. Malaysian stocks face threat: issues may shrink if country loses EAFE status
- Abstracts: The president carries on. The White House goes to war
- Abstracts: Hollywood's bet on German TV market turns sour as Kirch's DF-1 founders. Bertelsmann, Canal Plus don't want to sell their Vox stakes to Murdoch
- Abstracts: SDX accepts Lucent offer. Laporte plans to buy Inspec for $1 billion. English China shares rise on stock-buyback news
- Abstracts: Heineken to buy Poland's lead brewer. Interbrew shows interest in an acquisition of SAB. Interbrew to acquire 50% of OB for $250 million