Bouygues warns of suit in shareholder dispute

Article Abstract:

Bouygues SA announced that the company reserves the right to seek compensation for damages caused by accusations of company investor Vincent Bollore against the company. Bollore claimed there may have been voting irregularities on Jun. 10, 1998, when the France-based construction and communications conglomerate held its shareholder meeting. Bouygues' announcement comes following an announcement of a French court that it has decided to appoint two chartered accountants who will probe whether votes belonging primarily to foreign pension funds were excluded for arriving following a deadline for the vote on a significant resolution.

Comment:

Says it reserves the right to seek compensation for damages caused by accusations of co investor Vincent Bollore

France, Communications, Broadcasting and Telecommunications, Telecommunications industry, Article, Bouygues SA

Holzmann plans to raise focus on outside trade

Article Abstract:

The article discusses how Phillip Holzmann AG intends to concentrate more on international business. The firm plans to raise its foreign-construction volume to 60% of its total business in the medium term and 70% in the longer term.

Foreign trade, International trade, Phillip Holzmann GmbH

Eichel defends bailout of Holzmann by Germany

Article Abstract:

Article describing how Germany's Finance Minister, Hans Eichel, defended the government's bailout of construction company Philipp Holzmann AG, and >reserved the right for the government to intervene again.

Government regulation (cont), Nonbuilding Construction, Highway, Street, Bridge, and Tunnel Construction, Management, Laws, regulations and rules, Heavy construction, Philipp Holzmann AG, Eichel, Hans