The French manage to reach a critical size in the Light Armored? It is hoped that the group Panhard attempting a rapprochement with the public Nexter (formerly Giat). The building is well underway in Europe, led by the Anglo-Saxons.
To the north, Britain's BAE Systems has steadily increased, including the purchase of Swedish Hagglunds, and now shows 7 billion euros of turnover. To the south, the U.S. General Dynamics has swooped on the Spanish Santa Barbara. The French Nexter and Panhard, which respectively carry a turnover of 579 million euros and hundreds of millions, have emerged as Tom Thumb. A rapprochement with Renault Trucks Defense, a subsidiary of Volvo Trucks, has also been mentioned.
Hence the idea of boss Panhard, Christian Mons, initiating a rapprochement with Next.Especially since the group's main shareholder, with 75% of the capital, George Cohen, had once considered separate from that asset. Having no desire to become a sub-subsidiary of a foreign group, Panhard therefore seeks to grow, with a preference for a Franco-French solution. Interviews with representatives of the Directorate General of Armaments (DGA) – who presides over the future of Nexter – have already been held and the proposal would have received a rather favorable.
Crossing several pitfalls
Panhard side, do not hesitate to think big. The company already imagine that after having bought Nexter it could begin negotiations with its German competitors Rheinmetall and KMW, also looking for external growth operations to reach a critical size.Such discussions would kick off an equivalent of one armored EADS.
Before that happened, it remains to Panhard to cross several hurdles. Only Nexter Armored Division and its flagship, the Leclerc tanks, interest Panhard. It performs alone 450 million euros of turnover. The group led by Christian Mons no secret to be much less inclined to acquire the activities of artillery and information systems and command.
Although it is still too early for a pattern emerges, buying only part of Nexter or the total surrender before a non-strategic assets, then he should know how to organize a form of privatization of the former Giat. Finally, if Thales does not seem to be a candidate for a merger with Nexter, Renault Trucks Defense had already expressed interest Nexter in 2008.The subsidiary of Swedish group had also extended a hand to Panhard, who was then preferred to decline the proposal.
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A wind blowing over pessimism Theolia Tuesday. The action of the wind expert picks from 10.49% to 13 hours after having plunged nearly 16.7% in midmorning. For over six months that the title did not broke the 3 euros. A 2.9 euros, it is trading about 5% less than a year ago.
If the producer of electricity from wind energy can be proud of having agreements with its major creditors to reduce its debt, investors themselves have mostly held that accompanied this restructuring – subject to acceptance general meeting in early 2010 – a capital increase to a maximum of about 100 million euros from current shareholders, whose holdings would then be diluted. "The Council plans to launch a capital increase in spring 2010," reads the statement issued today by Theolia.
Call for support
Side Theolia, management maintains that if all these operations are actually realized, the company has increased its cash 40 million, reduced its debt under the bond to 127 million euros payable on 1 January 2015 and increased its capital by about 150 million euros.
For the record, on September 1, Theolia warned that the group will be difficult to have enough cash or borrow the money necessary to enable it to repay 253 million euros of his bond on 1 January 2012, when demand early repayment of the loan in full.The announcement marked the end of an upward movement of the track (peak at more than 5 euros), in operation since March 2009.
Even the publication in early November, a consolidated turnover for the first nine months of 2009, amounting to 232.7 million euros, three times more than the same period of 2008, did not sufficient to restore color to the action.
A sector still buoyant
According to the report by the Center for Strategic Analysis (CAS) published mid-December, just before the Copenhagen summit, "the current economic downturn and emergency climate offers the opportunity to wind a large-scale development.
The global growth prospects are very important and France as the CASE has many strengths, including its network of subcontractors providing the territory but also abroad, the components needed to build wind turbines.Already, more than 150 suppliers and subcontractors working for the industrial sector, and many others from the construction, mechanical or aerospace, where expertise is close to that of the wind, could reach them and encourage the success of the industry.
The report also highlights that wind can generate a net profit in the event of a price increase of fossil fuels, which the most energy experts are convinced.The Union of renewable energy sources (RES) and the wind industry, Wind Energy France (ESRF), recall here that the cost of wind energy, about 80 euros / MWh (megawatt hour), is "very close that of conventional thermal plants, while presenting an additional advantage in terms of security of supply and CO2 savings.
From a tax perspective, the sector was welcome in France, the amendment passed there only a week, bringing the level of the flat tax to which the turbines are subject to the same amount to than other means of producing electricity.
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The Paris Bourse ended the session up on Monday, recovering some lost ground over the last two sessions last week (-1.16% to close Thursday and Friday -0.95%). At the close, the CAC 40 index ended up 2.05% at 3872.06 points for a trade volume of 2.4 billion euros. The famous rally Year-end "appears to be a good reason for investors to" play "on the rise.
No statistics were published on Monday. In contrast, the rest of this week shortened (end of quotes provided 13 hours Thursday and closing of the Exchange Friday) should be marked by the third estimate of U.S. GDP for the third quarter and the sales figures in real estate the United States.
The detailed values follow …
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Sequences "emotion" and "crop" this Friday at the close of the 49th congress of the CGT in Nantes. Bernard Thibault, exhausted by a week of sometimes heated debates and visibly excited to have been renewed for the fourth time at the head of the CGT, first paid tribute to "six comrades" who leave the executive confederal "after rendered such services. " Among them, two leading figures of this decade: Maryse Dumas, his right arm on employment issues, and Jean-Christophe Le Duigou, the "Mr. Economy and Pensions" of the plant.
Bernard Thibault, who had gathered yesterday on behalf of 88.4% of the votes for the election of the Executive Committee, then cropped activists who have criticized his lack of involvement on the ground and its rapprochement with the CFDT. Particularly highlighting the vote by 77.5% of the delegates of the progress report of the past three years."It's a very honorable to score a direction supposedly cut off from its base," he joked, saying in passing that Nicolas Sarkozy would like to receive the same level of approval of French policy that led to the Elysee.
And the secretary general of the CGT then push the nail against those who disrupted the debate sometimes during the week and gave a divided image of the plant. "It can not be the CGT opposition and majority, he hammered the applause of the audience. There is no line of management, because management implements the guidelines validated by the Congress. "And this is not the great majority of the 1 000 delegates of the 49th Congress which contradict the resolutions of the document guidance for the next three years that received between 73 and 86% of the votes.The CGT knows where it goes, he still drummed, while specifying that the central union will not "attractive if it gives the image that his first battle is internal.
"The Internationale" raised fist
Wishing a CGT "closer, more united and effective," Bernard Thibault has drawn the roadmap for the coming months. "Our priority is the transformation of society," he said. Its power plant will therefore go on retreats launched by Nicolas Sarkozy. "The future of pensions will be the marker for the determination of employee resistance", he warned the head of state. The CGT also ensure that employers does not set wages and employment."The increase in salaries is the key to ending the crisis," he said.
The leader of the CGT has finally made an appointment to his "comrades" for two mobilizations to come: a euromanifestation March 24 to get a boost in employment at European level and a national campaign to defend public services in stride. And said, for those who doubt that the CGT would not wait the end of March "for organiserd'autres appointments and inter-national".
The message is clear: the CGT has not changed, it is always with those who struggle.And the Internationale, sung to finish his fist raised by the Secretary General and the thousands of delegates – admittedly preceded La Marseillaise but sung with more gusto – aimed to demonstrate.
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BNP Paribas Real Estate Residential foothold in the residential hotels. The subsidiary of BNP Paribas announced this morning, creating a new brand, called Hipark Residences. The concept is innovative. Besides a well-studied design, these serviced apartments high-end, ranging from studios to more 'luxury', also rely on services.
The business traveler or tourist to see and offer a concierge service 24/24, the image of what is already in major hotels, cooking classes or a massage to relax …
The first residential hotel group will open its doors next February in downtown Grenoble. Then follow Nice (end 2010), Marseille (February 2011) and Serris / Val D'Europe (close to Disneyland in 2012). BNP Paribas does not stop there."We hope to open 10 to 15 serviced apartments in France over the next two or three years," confirms Rene Metz, chairman of BNP Paribas Real Estate Residential.
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The idea is not new, but it is original. On 1 May 2006, a vast movement of economic boycott was launched by the Hispanic population in the United States. The principle is simple: do not go to work, do not go to school, buy nothing and sell nothing. During 24 hours.
The goal? Demonstrate the role of immigration in the course of economic life. Result: factories temporarily forced to halt production and on the same day, nearly two million immigrants protesting in the streets of Los Angeles.
It is this "day without immigrants" Nadia Lamarkbi wants to reproduce in France. The idea came to him after the controversy over the remarks of Interior Minister Brice Hortefeux at summer schools of the UMP."It was the click" confirms that the Franco-Moroccan journalist of 35 years, "long" had "the desire to act against contempt" vis-à-vis immigrants.
A boycott is open to all
Soon a group was created to promote this idea. A website and blog are set up. And mayonnaise takes. The Facebook page "day without immigrants" already has nearly 5,000 members and 10 local committees were created.
The "24 hours without immigrants" will be held on 1 March 2010. A symbolic date because it marks the fifth anniversary of the entry into force of the Code of Entry and Stay of Aliens and Asylum (CESEDA), which established an immigration "chosen" on economic criteria.
"We want to draw people's attention and ensure that the look that focuses on immigrants in France changed. Today, the word "immigrant" has become almost an insult.This is not normal, "said Nadir Dendoune, spokesman for the group.
If the motion is primarily intended "to immigrants and their descendants," all non-immigrant solidarity and recognize the contribution of immigration to the growth of our country can also participate in the boycott. Blacks, whites, beurs, left, right … it must be a national cause. We even sent an invitation to Nicolas Sarkozy. As the son of an immigrant, he should be concerned, "quipped the reporter.
Getting support
In the charter, published on its website, the group responsible wanted to "ensure independent action and by refusing to protect against any attempt at recovery. But its members know that supporting policies and associations is "necessary to make the initiative work," admits Nadir Dendoune."We've already been contacted repeatedly by politicians and unions. We will negotiate with them. While maintaining our independence. "
The socialist deputy of Seine-Saint-Denis, Daniel Goldberg, has already supported the project: he regrets that French second or third generation "are still seen as foreigners."
And the Education Without Borders Network (RESF) could also meet this. Its president, Richard Moyon, also welcomed "the recent expansion of the range of actions on the issue of immigration." A reaction, he said, "xenophobic policy pursued by the government."
Asked about the initiative at Talk Orange-Le Figaro, Eric Besson said, "Do not create scarecrows that do not exist. And the Immigration Minister added: "It's not just invent a stigma."
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