News

Euro steelmakers' B2B e-commerce platforms

Premium 01 January 2000

Four major European steel manufacturers – Arbed, Corus, ThyssenKrupp and Usinor – have announced that they are to establish two e-commerce B2B platforms, ‘Steel 24/7’ for the sale of various steel products and ‘Buy for Metals’ for the procurement needs of the metals industry.

Holderbank/Secil/Cimpor

Premium 01 January 2000

Cement group Holderbank (Switzerland) has – with the Portuguese company Secil – launched a public bid for the leading Portuguese cement producer, Cimpor.

FPL Group/Entergy

Premium 01 January 2000

The FPL Group/Entergy merger in the United States, announced on July 31, underlines the trend towards consolidation within the energy industry.

Alstom/Fiat Ferroviaria

Premium 01 January 2000

French energy and transport conglomerate Alstom SA is to acquire Fiat’s rail transport business, Fiat Ferroviaria, following EC antitrust clearance.

ASX/New Zealand Stock Exchange

Premium 01 January 2000

ASX and the New Zealand Stock Exchange have announced plans to merge.

Honeywell/GE

Premium 01 January 2000

Subject to regulatory approval, General Electric (GE) is set to acquire Honeywell in a US$45-billion deal.

Deutsche Telekom

Premium 01 January 2000

Deutsche Telekom CEO Ron Sommer is facing a volatile few months as he attempts to steer through the biggest deal of his career: a US$50 billion stock and cash acquisition of VoiceStream Wireless, the US mobile phone outfit.

C3D/Go-Ahead

Premium 01 January 2000

C3D, a subsidiary of the French transport group Caisse des Dépôts et Consignations, has failed in its attempted takeover bid for the Go-Ahead Group, a UK transport group active in rail, bus and airport services.

AOL/Banco Santander Central Hispano

Premium 01 January 2000

Having received EU approval of its merger with Time Warner, America Online Inc has turned its attention to Spain, where the US-based online services company has announced a joint venture with Banco Santander Central Hispano (BSCH), the leading financial group in Spain and Latin America.

3G investigations in Europe

Premium 01 January 2000

The Financial Times reported on November 1 that the European Commission’s antitrust services will be monitoring third-generation (3G) mobile phone auctions now being held across Europe after problems were identified in Italy, the Netherlands and Austria.