Diageo's sale of Spanish stake to stir interest

Article Abstract:

There are expected to be many interested parties in Diageo PLC's plan to sell its 89% share of Cruzcampo SA. Cruzcampo is a brewery based in Spain. Numerous financial institutions and multinational firms will be attracted to the brewery. However, analysts believe Diageo will probably not be able to recoup the funds that it issued for the acquisition of its 89% share in Cruzcampo. Diageo may have to sell its share for as low as 300 million pound sterling.

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Diageo's plan to sell 89% share of Cruzcampo expected to attract interested parties

United Kingdom, Foreign operations, Beer & Other Malt Beverages, Breweries, Liquor, Distilleries, Malt beverages, Brewing industry, Abstract, Diageo PLC, Liquor industry, Cruz del Campo S.A.

Spanish telecom climbs back from edge of extinction

Article Abstract:

The survival strategy of Spanish telecom, Alo Comunicaciones S.A., encompasses cutting costs, changing investment focus, and a return to basics. The company will be turning an operating profit by May under both Spanish and U.S. accounting standards.

COMMUNICATION, Alo Comunicaciones S.A.

European Telecom deals heat up

Article Abstract:

Telefonica S.A. of Spain is in negotiation to acquire KPN N.V. of the Netherlands for 20 billion Euro or approximately $24 billion. The telecommunications industry is expecting consolidations in Europe.

Europe, Acquisitions & mergers, Netherlands, Telephone Communication, Industry Overview, Economic aspects, Mergers, acquisitions and divestments, Company acquisition/merger, Communications industry, Telefonica S.A., European Union, KPN N.V., TEF