LONDON/PARIS European private equity fund PAI Partners has emerged as the frontrunner in the auction for the concession catering business of France's Elior Group, four sources familiar with the matter told Reuters.
PARIS Air France-KLM pledged new efficiency gains to offset higher fuel costs this year, as the Franco-Dutch airline group deepens cooperation between its two main carriers.
PARIS/MILAN France's Elior wants bids for its Areas business, which focuses on railways and motorway catering, to be submitted by the end of January, a source familiar with the situation told Reuters.
PARIS/MILAN, Jan 11 French catering group Elior
expects bids for its Areas unit, which focuses on catering in
railways and motorways, by the end of January, a source familiar
with the situation told Reuters.
PARIS Air France KLM , hit by strikes and without a CEO since May, reported higher traffic figures that lifted its battered shares, while sources voiced caution about the possible appointment of a top French transport executive as its new boss.
PARIS France's Safran predicted faster profit growth and announced a share buyback as it unveiled higher-than-expected 2017 sales and profits lifted by demand for aircraft equipment.
PARIS Henri Proglio gave up the chairmanship of defense group Thales on Tuesday, bringing into the open a simmering row with Economy Minister Emmanuel Macron over the veteran French businessman's Russian interests.
PARIS Henri Proglio gave up the chairmanship of defence group Thales on Tuesday, bringing into the open a simmering row with Economy Minister Emmanuel Macron over the veteran French businessman's Russian interests.
LONDON/NEW YORK The proposed $35 billion merger between U.S.-based Omnicom Group Inc and French rival Publicis Groupe SA has been called off as the challenges in forming the world's largest advertising agency proved too immense for the partners.
PARIS Doubts are growing over the resilience of a Franco-German shareholder pact at the heart of EADS, placing a new timebomb under $45-billion European merger talks with British defence contractor BAE Systems.