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AUSTRALIA: Billabong in exclusive talks as bid cut to AUD287m

2013-04-09 13:42:00| Daily apparel & textile news and comment - from just-style.com

Australian surfwear brand Billabong will enter ten days of exclusive talks with a consortium led by the former boss of the brand's America's division after the group cut its bid by 45% to AUD0.60 per share.

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FRANCE: Borletti in exclusive talks to acquire Printemps

2013-02-20 17:07:00| Daily apparel & textile news and comment - from just-style.com

Italian investment group Borletti is in exclusive negotiations with Deutsche Bank's real estate arm, Rreef, to acquire its stake in French department store chain Printemps.

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Leighton enters exclusive talks to sell NextGen

2013-02-20 10:04:00| Telecompaper Headlines

(Telecompaper) Australian builder Leighton Holdings is in exclusive talks to sell 70 percent of its data telecom subsidiary, NextGen, to a consortium led by the Ontario Teachers' Pension Plan. The sale values NextGen at AUD 885 million. Leighton said in September last year that it would sell the subsidiary to an unnamed company to pay down its debt. NextGen's assets include a long-haul fibre optic network, cloud storage division Infoplex and data centre company Metronode. The transaction is subject to standard closing conditions. Leighton CEO Hamish Tyrwhitt said a key element of the company's strategy is the recycling of capital such as its telecom infrastructure assets which are considered non-core. The proposed sale follows the completion of a detailed strategic review of the assets, and bids from various parties. Leighton remains fully committed to providing construction, maintenance and field services to the telecom market through a number of subsidiaries. Leighton is controlled by Spanish group Actividades de Construccion y Servicios through its German subsidiary Hochtief.

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Telecom Italia starts exclusive talks to sell TV channel

2013-02-19 01:00:00| Total Telecom industry news

Italian incumbent to open discussions with Cairo Communications.

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