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BN 11/24 07:26 *FCC SAYS NEGOTIATING EXCLUSIVELY WITH CARLOS SLIM
BN 11/24 07:26 *FCC SAYS NO AGREEMENT WITH SOROS ON INVESTMENT

FCC’s Koplowitz Negotiating Exclusively With Slim on Stake
2014-11-24 07:32:22.865 GMT


By Katie Linsell
Nov. 24 (Bloomberg) -- Koplowitz’s B1998 holding co. ended
talks with George Soros without reaching agreement, now in
exclusive negotiations with Carlos Slim’s Inmobiliaria Carso SA
de CV, FCC says in regulatory filing.
* Koplowitz looking to sell her rights to acquire new shares
in FCC capital increase

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To contact the reporter on this story:
Katie Linsell in Madrid at +34-91-700-9631 or
klinsell@bloomberg.net

To contact the editor responsible for this story:
Ben Sills at +34-91-700-9603 or
bsills@bloomberg.net

BFW 11/24 07:32 *BLUESTAR ELKEM WILL PURCHASE REC SOLAR AT NK108.50/SHR
BN 11/24 07:32 *REC SOLAR: FUNDS HOLDING 20.2% TO VOTE IN FAVOR OF DEAL AT EGM
BN 11/24 07:31 *REC SOLAR ASA SAYS CASH BUY NK 108.50 PER SHR
BN 11/24 07:31 *REC SOLAR BOARD UNANIMOUSLY TO RECOMMEND TRANSACTION
BN 11/24 07:31 *REC SOLAR SAYS TOTAL CASH CONSIDERATION IS NK4,340 MLN
BN 11/24 07:30 *REC SOLAR SAYS TOTAL CASH CONSIDERATION NK4.34B
BN 11/24 07:30 *BLUESTAR ELKEM WILL PURCHASE REC SOLAR AT NK108.50/SHR
BN 11/24 07:30 *REC SOLAR : TOTAL CASH CONSIDERATION IS NK4,340M
BN 11/24 07:30 *REC SOLAR ANNOUNCEMENT OF PACT OF SALE OF BUSINESS OF REC SOLAR

REC Solar ASA: Announcement of agreement of sale of the business of REC Solar ASA to Bluestar Elkem Investment Co. Ltd. (Hong
2014-11-24 07:30:24.699 GMT

REC Solar ASA: Announcement of agreement of sale of the business of REC Solar
ASA to Bluestar Elkem Investment Co. Ltd. (Hong Kong)

Oslo/Hong Kong 24 November 2014 - REC Solar ASA ("REC Solar" or the
"Company"), acting through a subsidiary,  has reached an agreement with
Bluestar Elkem Investment Co. Ltd. (Hong Kong) ("Bluestar Elkem"), whereby
Bluestar Elkem will purchase 100% of the shares in a Luxembourg company (to be
established) which will own REC Solar Holdings AS and all of the assets and
liabilities of REC Solar at a cash purchase price equal to NOK 108.50 per
share in REC Solar (the "Transaction").

The Transaction represents a premium of 22.6 % and 27.1% to the 1 and 3-month
volume weighted average share price, respectively. The total cash
consideration is NOK 4,340 million.

The Transaction is subject to approval by an extraordinary general meeting of
REC Solar, expected to be held no later than 16 January 2015 (the "EGM").

The Board of Directors of the Company has unanimously resolved to recommend
the Transaction to its shareholders. Further, Datum AS, Ferncliff Listed DAI
AS, Ferncliff TIH 1 AS, Gross Management AS, QVT Fund IV LP I, QVT Fund V LP
I, Quintessence Fund LP and Dallas Asset Management AS, holding a total of
20.2% of the outstanding shares of the Company, have on certain conditions
entered into undertakings not to sell any shares before the EGM and to vote in
favor of the Transaction at the EGM. Ferncliff Listed DAI AS, Ferncliff TIH 1
AS, and Gross Management AS are controlled by Øystein Stray Spetalen, a board
member and primary insider of the Company and Dallas Asset Management AS is
controlled by Jan Christian Opsahl, a board member and primary insider of the
Company.

Ole Enger, the Chairman of REC Solar, comments: "This proposed Transaction is
a result of an extensive and broadly marketed process where the Company has
explored opportunities to maximize value for shareholders. We are pleased that
we today are in position to announce the combination of the Elkem Group and
REC Solar. The Board of Directors of REC Solar views the combination as a
positive outcome for the Company, its excellent workforce and other
stakeholders, and we look forward to working with the Elkem Group to complete
the Transaction. The Board believes that a combination with the Elkem Group
will provide a strong platform to further develop REC Solar."

Helge Aasen, the CEO of Elkem AS, comments: "The Elkem Group has a strategic
goal to grow its presence in the solar industry. The ambition is to establish
a leading integrated PV player. The Elkem Group and REC Solar have developed a
strong business relationship and there is a good strategic match between the
companies ensuring that a combined entity will have a strong basis for further
development of the business by leveraging REC Solar's leading global brand,
strong distribution channels and reputation for quality."

The Transaction is not subject to any financing condition, but is subject to
other customary conditions including all required regulatory approvals. REC
Solar has undertaken not to actively solicit offers from third parties which
would compete with the Transaction, and has accepted a cost coverage fee of
USD 10 million if the Board of the Company changes its recommendation of the
Transaction and the Transaction is not completed due to a superior offer. The
Transaction is expected to be completed in March/April 2015. The Board of
Directors of REC Solar expects thereafter to delist and liquidate the Company
and return all cash, net of transaction costs, to shareholders.

Nomura International plc is acting as financial advisor to REC Solar in
connection with the Transaction. Cipriano AS is acting as strategic advisor to
REC Solar in connection with the Transaction. Advokatfirmaet Schjødt AS is
acting as legal advisor to REC Solar in connection with the Transaction.

REC Solar has entered into an agreement with the Chairman of the Board, Ole
Enger, regarding his services related to the transaction, as approved by the
Company's general meeting on 29 November 2013.

DNB Markets is acting as financial advisor to Bluestar Elkem in connection
with the Transaction. Thommessen is acting as legal advisors to Bluestar Elkem
in connection with the Transaction.

A press conference will be held today at 1300 CET at Hotel Continental at
Stortingsgaten 24/26, 0117 Oslo. Please see www.recgroup.com for webcast
streaming details.  Representatives for both REC Solar ASA and Elkem Group
will participate.

For further information, please contact;

Mr. Ole Enger, Chairman of the Board of Directors
Telephone: +47 911 38 223
Email: ole.enger@recgroup.com

Mr. Kim Boman, Investor Relations
Telephone: +47 959 63 912
Email: kim.boman@recgroup.com

About Elkem Group

Elkem is one of the world's leading companies for environment-friendly
production of materials. Its principal products are silicon, solar grade
silicon, special alloys for the foundry industry, carbon products and
microsilica. Elkem has 14 production facilities in Europe, North and South
America, Africa and Asia, as well as an extensive network of sales offices and
agents covering the most important markets. The Elkem Group employs about
2,100 people. Operating revenues for the Elkem Group in 2013 were NOK 7.9
billion. Find out more about Elkem at www.elkem.com

About REC Solar ASA

REC Solar ASA is a leading global provider of solar energy solutions. With
more than 15 years of experience, REC Solar ASA offers sustainable, high
performing products, services and investments for the solar industry. Together
with its partners, REC Solar ASA creates value by providing solutions that
better meet the world's growing energy needs. REC Solar ASA is headquartered
in Norway and listed on the Oslo Stock Exchange (ticker: RECSOL). REC Solar
ASA's 1,700 employees worldwide generated revenues of USD 647 million in 2013,
with total assets of USD 450 million as per 31 December 2013. REC Solar ASA's
board of directors consists of Ole Enger (Chairman), Øystein Stray Spetalen,
Jan Christian Opsahl, Anne Lise Meyer and Mimi Berdal. Martin Cooper is the
company's CEO. Find out more about REC at www.recgroup.com.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

BFW 11/24 07:15 *GEVERAN BUYS SHRS IN NORWEGIAN PROPERTY AT NOK10-SHR, PLANS BID
BN 11/24 07:14 *GEVERAN BUYS ~25.6M NORWEGIAN PROPERTY SHRS AT NK10/SHR
BN 11/24 07:13 *GEVERAN TO MAKE NORWEGIAN PROPERTY MANDATORY OFFER WITHIN 4 WKS
BN 11/24 07:13 *GEVERAN INCREASES STAKE IN NORWEGIAN PROPERTY TO ~37.5%
BN 11/24 07:13 *GEVERAN TO MAKE MANDATORY OFFER FOR NORWEGIAN PROPERTY SHARES
BN 11/24 07:11 *NPRO - STAKE DISCLOSURE, NOTIFICATION OF MANDATORY OFFER

NPRO - SHAREHOLDING DISCLOSURE AND NOTIFICATION OF MANDATORY OFFER
2014-11-24 07:11:56.965 GMT



Geveran Trading Co Ltd ("Geveran"), which is
indirectly controlled by trusts established by John
Fredriksen for the benefit of his immediate family,
has on 21 November 2014 purchased 25,633,104 shares
in Norwegian Property ASA ("Norwegian Property") at a
price of NOK 10 per share. As a result, Geveran's
ownership in Norwegian Property has increased to
205,910,242 shares, constituting 37.54 per cent of
the shares and votes in the company. Geveran does not
hold other rights to shares in Norwegian Property.

Geveran will make a mandatory offer for the remaining
shares in Norwegian Property within four weeks, in
accordance with Chapter 6 of the Norwegian Securities
Trading Act. Geveran is represented on the board of
directors of Norwegian Property.

This information is subject to the disclosure
requirements set out in sections 4-2, 4-3 and 6-8 of
the Norwegian Securities Trading Act.

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-0- Nov/24/2014 07:11 GMT

Goldman Revises ECB View, Forecasts Sovereign QE in 1H 2015
2014-11-24 07:00:48.503 GMT


By Max Julius
Nov. 24 (Bloomberg) -- More likely than not that ECB will
announce sovereign QE program in 1H 2015, Dirk Schumacher,
economist at Goldman Sachs, writes in client note dated Nov. 21.
* Goldman previously saw 1-in-3 odds of ECB conducting large-
scale sovereign debt purchases
* Tone of Draghi’s speech on Friday was “dovish surprise”
* ECB president stressed a high degree of urgency in raising
inflation expectations “as fast as possible”
* This signals Draghi sees risk of a de-anchoring of
inflation expectations as having reached a critical
level, higher than Goldman previously estimated
* This signals Draghi sees risk of a de-anchoring of
inflation expectations as having reached a critical
level, higher than Goldman previously estimated</li></ul>
* Unlikely that broad-enough consensus among Governing Council
members exists to announce sovereign QE in Dec.
* NOTE: Analysts said on Friday that Draghi’s comments
suggested further easing is likely soon, while remaining
split on odds of govt bond purchases


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