MSNBC – The three-way merger due to be completed this month between Greece’s Marfin Financial Group, its subsidiary, Egnatia The Greek finance ministry preferred a cash offer from France’s Cr dit Agricole that valued Emporiki at 3.3bn, over a cash and
Paris shares AFX market data at 10.08 am; steel shares lead broad mkt
Forbes – Credit Agricole, 51 mln eur, down 0.04 eur or 0.13 pct at 31.96. CM-CIC Securities lowered its target price to 38 eur from 40 to coincide with the bank group’s launch of a 4 bln eur capital rise to finance acquisitions. -Vallourec, 41 mln eur paris
Intesa-Sanpaolo may sell excess Italian branches to SCH
Forbes – MILAN (AFX) – The group resulting from the forthcoming merger of Banca Intesa SpA and Sanpaolo IMI SpA could sell excess Maybe, they will get excess branches that aren’t sold to Credit Agricole,’ he added. Banca Intesa agreed to sell 652 branches to
Paris shares closer lower, tracking Wall St as French news thins
Forbes – Banks were also out of favour, with Credit Agricole down 0.60 eur or 1.87 pct at 31.42, BNP Paribas (other-otc: BNPZY.PK – The German group said that it will receive about 590 mln eur before taxes and after the deduction of debt and pensions.
Lisbon shares higher late morning as BES, Impresa extend gains, EDP
Forbes – other blue chips, BES was up 0.18 at 13.84 amid speculative interested as Millennium BCP said core shareholder Credit Agricole PT Multimedia was off 0.03 at 9.71, remaining well above SonaeCom’s 9.03 eur offer for the PT group’s cable network