Viag's failed merger clouds outlook

Article Abstract:

Since Monday's break up of the proposed $8.57 billion merger of German company Viag AG with Swiss company Alusuisse Lonza Group fell apart due to disagreement of Viag's valuation in the deal, Viag expects the company will have a difficult time improving earnings. Analysts warn that investors will be turned off by Viag's lack of focus now that its aluminum, chemicals and packaging businesses will not be strengthened by Alusuisse. The company's main businesses are energy and telecommunications.

Acquisitions & mergers, Germany, Switzerland, Electric, Gas & Water Utilities, Utilities, Primary Metal Manufacturing, Metals, Mergers, acquisitions and divestments, Metal industries, Energy industries, Packaging industry, Energy industry, Public utilities, Metals (Materials), Metal industry, Viag AG, Alusuisse-Lonza Group AG

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Bougues alters estimate for unit's loss

Article Abstract:

Bouyges S.A. announced that the losses at its mobile telecommunications division will be higher than expected in 1999. The original estimate was 765 million francs. It has been revised to 1.3 billion francs ($232 million). The company expects the telecommunications unit to either break even or report a small profit in 2001.

Finance, Abstract, Bouygues S.A.

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Mobile phones set to boost profit at FranceTelecom

Article Abstract:

France Telecom SA is forecasting an improvement in net profits for the 1999 first-half period. Analysts are expecting the company to post 7.8 billion French francs to 8.1 billion French francs in net profits for the period, compared to 7.6 billion French francs in the year-before period.

France Telecom S.A., FTE

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