2014-07-05 12:57:14.454 GMT
By Gavin Finch
July 5 (Bloomberg) -- CVC Capital Partners Ltd., a U.K.-
based buyout firm, is looking to sell its controlling stake in
Formula One, the Daily Express reports, citing an interview with
Chief Executive Officer Bernie Ecclestone.
* Former owner Ecclestone is preparing a bid, as are other
companies: Express
* Ecclestone held talks with CVC head Donald Mackenzie:
Express
* CVC has made a GBP5b return on its GBP1.5b investment:
Express
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Gavin Finch in London at +44-20-3525-3627 or
gfinch@bloomberg.net
To contact the editors responsible for this story:
Heather Smith at +44-20-3525-2724 or
hsmith26@bloomberg.net
Zoe Schneeweiss
+------------------------------------------------------------------------------+
France’s Phone Company Orange to Test German Market Entry: WiWo 2014-07-05 12:10:47.732 GMT
By Sheenagh Matthews July 5 (Bloomberg) -- A unit called Orange Horizons is developing business ideas for countries where French company doesn’t have own mobile infrastructure, WirtschaftsWoche reports, citing unidentified people from Orange. WiWo also says: * Orange plans to offer Germans holidaying in France a SIM card without surcharges * NOTE: Richard says Orange ready to participate in French consolidation: NSN N88H2R6S9728<GO>
For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>
To contact the reporter on this story: Sheenagh Matthews in Frankfurt at +49-69-92041-217 or smatthews6@bloomberg.net To contact the editors responsible for this story: Simon Thiel at +44-20-7673-2814 or sthiel1@bloomberg.net Zoe Schneeweiss
+------------------------------------------------------------------------------+
Richard Says Orange Ready to Participate in French Consolidation 2014-07-05 09:59:15.28 GMT
By Francois de Beaupuy and Caroline Connan July 5 (Bloomberg) -- Orange CEO Stephane Richard sees need for consolidation in French telecoms * Orange CEO Richard makes comments in Bloomberg TV interview * Richard says Orange doesn’t want lead role in French merger * Richard sees no more room for price cuts in French mobile market * Richard says Orange eyeing consolidation in Spain, Romania, Poland and Belgium.
Link to Company News:{EN FP <Equity> CN <GO>} Link to Company News:{ILD FP <Equity> CN <GO>} Link to Company News:{NUM FP <Equity> CN <GO>} Link to Company News:{ORA FP <Equity> CN <GO>}
For Related News and Information: First Word scrolling panel: {FIRST<GO>} First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story: Vidya Root at +33-1-5365-5018 or vroot@bloomberg.net
Clay Paky in final talks with Osram
Clay Paky, a private Italian lighting company, is in the final stage of discussions with German LED lamp manufacturer Osram, three sources with knowledge of the situation said.
The group receives advice from KPMG, as previously reported by this news service. Information memoranda were dispatched in March.
Founded in 1976, the group is wholly held by Italian entrepreneur Pasquale Quadri. In 2013 the group generated turnover of EUR 70m with no debt.
Clay Paky's valuation should be around EUR 170m on the basis of the value of the company's products, know-how, and market position.
Clay Paky provides lighting for entertainment industries, primarily for television production, concerts and theatres.
Clay Paky and KPMG declined to comment.
Spy agencies fear export of jihadi terror In the Syrian city of Raqqa, the nominal “capital” of the caliphate proclaimed last weekend by the militant Islamist group Isis, a picture recently surfaced of a young French jihadi sitting behind a sturdy desk, like a clerk of terror. Tacked to the wall behind him was a doodle of the Eiffel Tower, its top snapped off by a bomb blast – a perverse reminder of a far away home in lieu of the usual family snapshot.
The image illustrates the fear gripping European, Russian and US intelligence agencies. The prospect of their own citizens returning from Syria to conduct terror attacks against them is universally shared. In recent days, these concerns appear to have become all the more acute. US counter-terrorism authorities have now requested airports in Europe and the Middle East significantly to heighten their scrutiny of passengers. The ostensible cause, according to security officials, is evidence that al-Qaeda’s most virulent offshoot, al-Qaeda in the Arabian Peninsula (AQAP), has begun to share its bomb-making knowledge with Syrian groups. Such a combination could prove lethal. AQAP has long been the repository of al-Qaeda’s bombmaking knowhow. The plots of Ibrahim al-Assiri, the 32 year old AQAP chemist behind the 2009 underpants bomb plot and 2010 printer cartridge bomb plot, have until now been held in check by near constant US drone attacks in the terror group’s Yemen heartlands. For AQAP to spread its influence to Syria, where more than 3,000 European fighters are waging war in a complex milieux of jihadi groups whose activities western intelligence agencies are only able to partially monitor, would be a disaster. Foreign fighters in Syria have already proved willing to blow themselves up in the name of Islam. “They are obedient and they are willing,” says Peter Neumann, director of the International Centre for the Study of Radicalisation at King’s College London. “They are like child soldiers. They do what they are told to.”
The picture, however, is complex. The threat to Europe and the US is far from immediate or certain. According to security officials on both sides of the Atlantic no concrete plot controlled and guided by a Syria-based group has yet been uncovered, with or without input from AQAP. AQAP’s engagement in Syria has also been specific. The group has been in contact with Jabhat al-Nusra, the official al-Qaeda affiliate in Syria, American intelligence suggests. The two groups have been in contact for months, most notably in discussing how al-Qaeda should deal with the challenge to its authority posed by Isis. Compared with Isis, Jabhat al-Nusra has so far played a quieter, more focused and moderate game in waging jihad in Syria. But with Isis’s declaration last week of a caliphate – and with it a direct challenge to the authority of al-Qaeda’s chief Ayman al-Zawahiri – the stakes have been raised. Both groups, in struggling for leadership of the global jihadi movement, may now look to lay stake to their claims by staging spectacular terror attacks on their traditional foes. I am very afraid the next step might be a terror attack in Europe – America is too far - Jean Pierre Filiu, Sciences Po Isis has already indicated it may look to do so – particularly if the US intervenes in the Iraqi conflict further. In a Twitter campaign last week, Isis’s accounts kicked off a threatening campaign under the hashtag “#CalamitywillbefallUS”, featuring images of 9/11 and dead American soldiers. “I am very afraid the next step might be a terror attack in Europe – America is too far,” says Jean Pierre Filiu, professor of Middle East studies at Sciences Po in Paris. “As Caliph, [Abu Bakr al Baghdadi, Isis’s leader] can proclaim offensive jihad. Militarily, he is now overstretched so to try to gain momentum he needs terror to strike global targets.” It is a concern echoed by one senior Israeli intelligence officer: “It’s a dynamic that is a definite danger to European and US security,” he says. “Either Isis or Nusra may want to do a huge terror attack. Someone needs to be the new bin Laden.” Map :{http://www.ft.com/ig/sites/2014/isis-map/}