TheChek News Flow

Avantium, the venture capital-backed Dutch renewable chemicals developer, will receive a EUR 36m investment from Coca-Cola, Danone, packing company Alpla and from Swire Pacific, a partner of Coca Cola in Asia, Dutch language daily het Financieele Dagblad wrote. CEO Tom van Aken said the company plans to prove with this new investment sum that Avantium's new bio-based plastics are suitable for large-scale industrial production.

Coca-Cola will decide this year if it will use the new plastics in its packaging. Avantium plans to construct a new plant requring investment of EUR 150m to EUR 200m. The CEO did not rule out the group taking on further investment from a large private equity or a chemical party. An IPO is also a serious option, he said.

As reported, in 2011, Avantium raised EUR 25m in a round led by new investors Sofinnova Partners, Aster Capital and De Hoge Dennen. Existing investors Aescap Venture, Capricorn Cleantech Fund, ING Corporate Investments and Navitas Capital, also subscribed. In addition, the round saw Avantium secure a EUR 5m subsidy from the Dutch Ministry of Economic Affairs.

Source Het Financieele Dagblad {http://www.avantium.com/avantium/financing.html}

{http://avantium.com/} defintely a name to keep in mind

Less than four months after they began exclusive talks, Ardian, Crédit Agricole Assurances and VINCI have finalised the creation of a company that will own 100% of VINCI Park's share capital.

Ardian (through its infrastructure business) will hold 37.5% of the new company, Crédit Agricole Assurances (through its subsidiary Predica) 37.5% and VINCI Concessions 25%. Within the next few weeks, management and employees will also be offered an opportunity to acquire an interest in the new company.

The operation is based on a VINCI Park enterprise value of EUR 1.96bn. The financial structure of the transaction will make it possible to refinance most of VINCI Park's debt.

Ardian, Crédit Agricole Assurances and VINCI plan to continue to support VINCI Park's growth, working with current management. The move is aimed at increasing the company's presence in high-growth markets such as North America, Latin America and Asia, while maintaining its leadership positions in France and other European countries.

The transaction has been finalised after consultation with employee representative bodies and approval by the relevant competition authorities.

{SNN US Equity Q<GO>}

US MArket closed on record high with Nasdaq leading the move, volume were still light @ 579mil shares, investors waiting for the D-Day (Draghi Day) today and for NFPR on friday, seven of ten sectors finished in the green with the three largest cyclical groups—consumer discretionary (+0.4%), financials (+0.3%), and technology (+0.3%)—in the lead, consumer discretionary +0.8%, Financials did ok with Protective Life deal announcement, Tech did ok with AAPL +1.1% ahead of 7:1 split on Monday, On the downside, energy (-0.1%), industrials (-0.1%), and telecom services (-0.3%) posted slim losses, VIX @ 12.08 +1.77%...- Fed's Beige Book retaining upbeat tone, noting growth was modest to moderate in most regions, consumer spending expanded, lending increased, and labor market strengthened. Fed continues to see inflation under control though - "wage pressures subdued" and "price pressures contained." Yield on the 10-year...- Shares of T-Mobile were up modestly in extended session after renewed speculation of a takeover by Sprint. Reports emerged that Sprint is offering half-cash half-stock proposal at about $40/shr, the two companies are near accord and working toward a formal contract...- China released its last PMIs for May, with HSBC Services posting a 4-month low but composite returning to expansion territory...Asian Market were quiet ahead of ECB...Nikkei+0.01% HS-0.28% Shanghai +0.12%

Eur$ 1.3604 S&P Fut -0.03% European Fut+0.06%

Macro

- HSBC China May Services PMI 50.7 vs 51.4 in April

- Russia Pipeline Gas to Meet Only 6% of China Demand, Santos Says

- ECB Decision Day Guide From Negative Rate to Liquidity Measures

Keep an eye on :

- A2A IM : Hera, A2A May Act as Consolidators for Italy Utilities: Goldman

- AIR FP : Airbus in Supplier Talks Mulls Updating A320neo Jet Before Debut

- ALO FP : Siemens France Repeats Alstom Bid to Come by June 16: Parisien

- ASC LN : Asos 3-Mo. Total Retail Sales Rise 25%

- AZN LN : Pharmaceutical Mega-Mergers ‘Buy Time,’ AstraZeneca Tells Echos

- BARC LN : Barclays Values Spanish Assets for Sale at EU20b: Expansion

- BLLA IM : Barilla considering making one major acquisition or two smaller - Le Figaro

- BNP FP : Hollande Calls for `Respect' From US on BNP: La Tribune Link

- BP/ LN : BP, Anadarko Liable for Pollution Law Fines, Appeals Court Says

- CO FP : Casino, CBD, Via Varejo, Exito Boards Approve Terms for Cnova

- DTE GY : Sprint, T-Mobile Said Near Deal Valued at Almost $40/Shr

- EZJ LN : Easyjet May Passengers 6.05m Vs 5.61m

- HEN GY : Henkel to Buy Spotless Group SAS For EU940m

- INGA NA : ING Confirms NN IPO Plan, to Retain Majority Stake

- MRW LN : Morrison Restructuring May Mean 2,000 Job Cuts: Guardian

- RCO FP : Remy FY Adj. Oper. Profit Misses Ests., Debt Rises

- SIE GY : Siemens France Repeats Alstom Bid to Come by June 16: Parisien

- SN/ LN : Medtronic Bid May Prompt Smith & Nephew Bidding War: Wells Fargo

- GLE FP : Societe Generale’s Newedge Shuts CBOT Grains Desk: Reuters

*BSKYB RAISED TO MARKET PERFORM VS UNDERPERFORM AT BERNSTEIN

*QATAR EQUITIES RATED NEW UNDERWEIGHT AT UBS

*UAE EQUITIES RATED NEW NEUTRAL AT UBS