(BFW) Russian Banks’ EU-Based Units Subject to Financing Ban: Official

BFW 07/30 09:59 Loans To, From Russia Banks Excluded From Sanctions: EU Official
BN 07/30 10:09 *FINANCING BAN APPLIES TO EU INVESTORS ON RUSSIA MKT: OFFICIAL
BN 07/30 09:57 *EU-BASED UNITS OF RUSSIA BANKS SUBJECT TO FINANCE BAN: OFFICIAL
BN 07/30 09:52 *LOANS TO, FROM RUSSIA BANKS EXCLUDED FROM SANCTIONS:EU OFFICIAL
Russian Banks’ EU-Based Units Subject to Financing Ban: Official
2014-07-30 10:16:32.896 GMT


By James G. Neuger
July 30 (Bloomberg) -- European Union ban on new share,
bond sales by major Russian state-owned banks will cover those
banks’ EU-based subsidiaries, EU official says.
* Loans to and from Russian banks will not be prohibited,
official tells reporters in Brussels
* EU investors barred from buying new share, bond sales by
major Russian state-owned banks on the Russian market as
well, official says
* NOTE: EU Joins U.S. in Escalating Pressure on Russian
Finance {NSN N9IL196K50Y2 <GO>}
* NOTE: Russian Central Bank Pledges to Aid Sanctioned Lenders
if Needed {NSN N9IREG6K50XU <GO>}


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To contact the reporter on this story:
James G. Neuger in Brussels at +32-2-285-4301 or
jneuger@bloomberg.net

To contact the editor responsible for this story:
Jones Hayden at +32-2-285-4312 or
jhayden1@bloomberg.net

(BFW) KPN CEO Says Currently Not Interested in Ziggo’s Pay-TV Channel

KPN CEO Says Currently Not Interested in Ziggo’s Pay-TV Channel
2014-07-30 07:41:04.743 GMT


By Elco van Groningen
July 30 (Bloomberg) -- KPN is currently not interested in
Ziggo NV’s Film1 pay-TV channel, KPN CEO Eelco Blok says in 2Q
earnings media call.
* NOTE July 24: Liberty offers to sell Film1 to win Ziggo
approval: Reuters
* NOTE Today: KPN beats earnings estimates on customer gains,
cost reductions


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To contact the reporter on this story:
Elco van Groningen in Amsterdam at +31-20-589-8517 or
vangroningen@bloomberg.net
To contact the editor responsible for this story:
Simon Thiel at +44-20-7673-2814 or
sthiel1@bloomberg.net

(BFW) Telefonica In Talks Over Mexico Deal

BN 07/30 07:16 *TELEFONICA COMMENTS ON MEDIA REPORT OF MEXICO DEAL
BN 07/30 07:15 *TELEFONICA IN TALKS OVER MEXICO DEAL
Telefonica In Talks Over Mexico Deal
2014-07-30 07:19:13.748 GMT


By Rodrigo Orihuela
July 30 (Bloomberg) -- Co. comments in regulatory filing.
* No further details provided in filing
* NOTE: Website El Confidencial reported today that Telefonica
to acquire Mexico’s Grupo Iusacell {FIFW NSN
N9IDXB6JTSEA<Go>}

Link to Company News:{CEL* MM <Equity> CN <GO>}
Link to Company News:{TEF SM <Equity> CN <GO>}

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Rodrigo Orihuela at +34-91-700-9647 or
rorihuela@bloomberg.net

(BFW) Rexel CEO Says Company Will Conduct Portfolio Review in 2H

BN 07/30 06:51 *REXEL CEO SEES 2H RESTRUCTURING COSTS RISING TO EU37 MILLION
BN 07/30 06:49 *REXEL CEO SAYS COMPANY WILL CONDUCT PORTFOLIO REVIEW IN 2H
Rexel CEO Says Company Will Conduct Portfolio Review in 2H
2014-07-30 07:23:48.947 GMT


By Francois de Beaupuy
July 30 (Bloomberg) -- Rexel CEO Rudy Provoost says review
will look at all options to deal with persistently-low
profitability of some geographies or business units. CEO also
says on call to journalists:
* review is part of initiatives discussed with co.’s new board
* Rexel will invest more aggressively in 2H to accelerate
expansion in specific high-growth areas, digital multi-
channel platform, logistics
* 2H restructuring expenses will rise to EU37m vs EU23m in 1H
* Europe will remain “a very challenging place” in 2H with
difficult conditions in France in particular, and limited
tailwinds in other countries.
* sees further increase in sequential growth in North America
in 2H, Brazil and Australia to remain uncertain


NOTE: Rexel Cuts 2014 Sales, Adj. Ebita Margin Targets on
Uncertainty {NSN N9IFKO6JTSE8 <go>}
Link to Statement: {NSN N9IFBP3V2801 <go>}
Link to Company News:{RXL FP <Equity> CN <GO>}

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To contact the editor responsible for this story:
Francois de Beaupuy at +33-1-5365-5051 or
fdebeaupuy@bloomberg.net