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The French pharmaceutical group had remained silent since the leaks in the press last month about his interest in American business.The CEO of Sanofi-Aventis, Chris Viehbacher, confirmed to Le Figaro that the group would continue its acquisition policy.

'To show our determination not to be threatening at once "

The revelation of the terms of negotiation designed to put pressure on the leaders of Genzyme. However, Sanofi-Aventis does not intend to go on the offensive for the moment: he prefers to continue the discussion rather than to launch a firm offer of redemption."We want to show our determination and seriousness, but not immediately threatening," said Chris Viehbacher Thus, the CEO of Sanofi-Aventis said in an interview published in Les Echos on Monday.

Chris Viehbacher business daily said that Genzyme, for his group, represents "a way to add a platform for sustainable growth, when we lose large volumes of sales with the arrival of generic Plavix in Europe, and Eloxatin and Lenovox United States. "He emphasized the" high value "of drugs developed by its target, but judging" expensive ".About the possible synergies between the two groups, the CEO of Sanofi-Aventis said: "It is too soon to go into details but it is clear that we can help, especially to solve the production problems faced by Genzyme .

A world leader in the development

The main shareholder of Sanofi-Aventis, L'Oréal and Total, is shown also reserved about the acquisition, fearing that the French pharmaceutical group pays its target too expensive. The Board of Directors of Sanofi-Aventis had warned that he does not go beyond $ 70 per share. Analysts estimated the amount of money available for redemption at about 20 billion euros.

In a statement, Sanofi-Aventis said that "bringing the two companies would create a global leader in the development and availability of new treatments, bringing to each new significant growth opportunities."

A complaint against X for abuse of corporate assets has been filed with the request, a shareholder of L'Oreal by Frederik-Karel Canoy Me, a lawyer specializing in the defense of such shareholders harmed by embezzlement.

Mayor Francis Banier won in 2002 "contract of 405,000 euros per year for 10 years, which plans to pay the photographer for" fashion tips and artistic sensibility "and a major exhibition of works by year the person, said the radio."It was a bounty, a favor" and "it is estimated that this contract has been only partially fulfilled" by the close of Liliane Bettencourt, Mr. Canoy said. He added: Francois-Marie Banier "would not have known Ms. Bettencourt, he would not have benefited from this contract."

"Life insurance contracts, checks, Master paintings"

Francois-Marie Banier is convenient for several years by Liliane Bettencourt, met in 1969. According to the photographer and the millionaire, complicity during the course sits on a convergence of temperaments cash advance no fax. But after the daughter of a rich heiress, Françoise Bettencourt Meyers, which has itself filed a complaint against the photographer for "abuse of weakness" financial interests are at stake

Françoise Bettencourt Meyers estimates that the photographer of the stars would have been back almost one billion euros in donations – including life insurance contracts, checks, master paintings – in the 1990s and 2000s, taking advantage of the psychological fragility of the octogenarian. A thesis denied by the person, which ensures that these gifts were made to him by a "brilliant woman and free."

The photographer should be tried in this case in early July by the 15th Criminal Chamber of the Court of Nanterre.But his trial has been postponed indefinitely because of the twists arising from the disclosure of conversations between plays Liliane Bettencourt and her family.

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François Fillon has dropped the word naturally. He who rejects the word rigor in Paris, finally telling the truth in Tokyo. "Of all the state budgets, the only one who is not subject to discipline is that of Higher Education and Research, argues the prime minister, at the turn of a sentence imposed before an audience of five hundred Japanese businessmen and under the approving glance of Christine Lagarde.

True to his outspokenness, the Minister of Economy has not taken greater care to reassure the business community Nippon concerned about turmoil in Europe since the sinking of the Greek economy. "There is not in France, I can assure you of hidden deficits. We have a package of structural deficits, but our accounts are audited very seriously, "warned the owner of Bercy.What has been told to François Fillon not without humor: "Unfortunately, there is no hidden revenue either!"

The European austerity plans discussed at length

He came to Japan to reassure businessmen and Japanese bankers, Francois Fillon has long defended the austerity plans implemented in the euro area. The European currency crisis causes, in fact, Japan concern and uncertainty about the strength of the European Union. The major daily newspaper Nikkei has made his One, two days ago, the 30% decline in investment in the euro countries during the first half of 2010.

"I understand that, seen from Asia, our operations can sometimes be difficult to perceive and understand. But Japan's national interest is not to turn away from the euro, "Francois Fillon urged by recalling that Europe is" the great market of the developed world with 500 million consumers.Incidentally, he ditch tackle the Anglo-Saxon does not deliver, he says, a "balanced view of the success of the European Union" and invited his audience to read the German press and French.

Before leaving Tokyo, Francois Fillon met with his counterpart Naoto Kan. In addition to macroeconomic issues, the two men discussed several issues of the Franco-Japanese: nuclear, automotive and aerospace.Weakened by his recent defeat in the senatorial elections, the center-left prime minister of Japan can not implement as it sees the budget and tax reforms that could reduce Japan's debt, too colossal.

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A major element for the group in search of funding partners as part of "restructuring" of its capital. And on the topic, Jacques Saade has not failed once again confuse observers by announcing the end of discussions for an entry to the Qatari capital of Holdings. This decision comes as discussions were also halted last week with the fund Colony, the other nominee with whom negotiations had been initiated free credit score.Both candidates associated with the Strategic Investment Fund (ISF), proposed to provide approximately 750 million dollars in capital and become shareholders but significant minority.

The recall of ISPs

"We stopped the discussions with the Qataris since the conditions were unacceptable. We are talking with other candidates, "says Jacques Saade said yesterday that all the good he thought of the Strategic Investment Fund. At that point the ISP held recalled yesterday that he would invest only sides "of one or more outside investors" and that he did not intend to go alone.Gilles Michel, head of the ISP, called a thinly veiled way for the resumption of negotiations with the funds of the Middle East: "Our hope is that it is signed with a partner that suits the company, representing Qatar Holding a partner entirely credible and serious. "Saade The guarantee will get an agreement with an investor before the end of July. In the wise …

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The boss of the RATP is excited about the upturn looming gently. In the first five months of the year, the group has recorded 30 million more trips compared to 2009."We feel a tremor on commuting," said Pierre Mongin, which emphasizes a return to positive growth for the RER, barometers of activity (+0.7% -4% against a year ago).

Take a major international

Another ambitious project: the development of Greater Paris. Connect the belt of small suburbs of Paris will require a massive investment of between 20 and 25 billion euros, mainly from local authorities. According to Peter Mangin, the project must be completed in order to "avoid economic decline" in Europe and "be able to create an endogenous growth".

Beyond France and Europe, these investments have the ambition to "bring the RATP in the top 5 worldwide transport companies," said the chief executive of the company.To do this, other acquisitions, following those of certain assets Transdev and Veolia, are possible.

RATP is a turnover of 6.2 billion euros in 2015 against 4.2 billion in 2009. Nearly 25% of these revenues should be generated by subsidiaries outside the Ile-de-France. "The strategic differentiation from our competitors lies in our engineering capabilities. This knowledge gives us advantages comparable to those of EDF Energy, "warns Pierre Mongin.

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The controversy swells daily. After the Europeans, it is now the boss of General Electric to accuse China of putting a spoke in the wheels of foreign companies. "I'm really worried, I am not sure that ultimately they want that we will succeed," he complained to an audience of businessmen from Italy, reported the Financial Times on Friday.

Last Tuesday was a report of the European Chamber of Commerce in Beijing, which accused China to increase the discriminatory measures. He denounced a "discretionary application of laws and regulations, the registration process unnecessarily complicated and" inconsistencies in the application of national criteria.

In Beijing, many business leaders say the word to cover: it is increasingly difficult to work in China."They understand that they can leave if they are not happy," says a corporate lawyer. Since April, the party newspaper, the China Daily, had sniffed the wind of revolt and was almost threatening."When foreign companies encounter difficulties in their projects (…) if they do nothing but complain that the foreign media and amplify the case without analyzing the merits and slandering the Chinese economy, they will end up delaying the process of improving the investment environment, "he wrote.

Funny way to appease the spirits when President Hu Jintao says it wants to "take concrete steps to reject any form of protectionism and unequivocal support free trade."

The World Trade Organization said in its latest report "Interest in China and its foreign suppliers of more rapid liberalization of China's service industries.But Beijing, which, in a gesture of goodwill, will leave July 15 rebates for export taxes on certain sensitive products, prefer to believe that foreigners "grunt" on account of wages.

Rising labor costs

Demonstration of support to employees of Foxconn, Hong Kong in June Photo credits: AFP

As for the apartments have a spectacular view of Paris, they will be positioned in the niche market of luxury with a price of 12,000 euros per square meter. A challenge for Defence is not today a prestigious address for individuals and Parisians are not rushing to live in towers.

Introduced in March 2009, the Hermitage Plaza project has also met with some suspicion among the French real estate professionals. First, because this promoter Russia has never built a tower in France. Then because it is a huge operation to two billion euros.

Buildings slated for demolition

But since then, Hermitage has provided some safeguards.Including funding. "We have already invested $ 150 million, Emin Iskenderov details. And in all, we will bring 250 to 280 million euros in equity. Furthermore, we are in advanced discussions with a pool of European banks to grant us a credit line of 700 million. And the marketing of our area we will bring the remaining one billion euros. "According to our information, Hermitage is also negotiating with the Four Seasons hotel group to host one of its locations in the towers. On the marketing of 540 apartments, Emin Iskenderov was also very confident: "I have already received 3,200 letters of prospects who want to buy from us."

Another thorny issue: the relocation of 250 families who lived in the buildings slated for demolition to build the towers Plaza. For now, Hermitage has found a solution for 235 to 250.That leaves five families to relocate in the year. A task is not insurmountable. But there is still a few steps before this project happen. In late July, demand for building permits will be filed. It should be granted in early 2011. And work should start right away. With delivery scheduled for late 2015-early 2016.

"A reasonable period until the end of September, should be open to all candidates currently being declared or declare themselves to deepen their audits, discussions with management of group and set them in a position to file ( …) a firm offer, "says the CEO. The group Prisa, which is currently in debt of more than 3 billion is currently carrying out a recapitalization. To save time, Juan Luis Cebrian calls for "reimbursable advances to meet" the urgent need of cash to its World recapitalization.

The World available in the morning

This has to speak, of course, nothing trivial. It comes the same day of the deadline set by the board of the World Bank, Crédit Agricole CIB to candidates to file their préoffres.Without really préoffre, Prisa boss makes it clear his intentions for Le Monde that he wanted to "expand the supply" and "give it to read every day, morning, Monday to Sunday, basing on synergies between the titles of his group (El Pais, head).

At the same time, the trio led by the businessman Matthew Pigasse, Niel and PBA filed a letter of intent listing his commitments and his plans for the group (recapitalization of 80 to 100 million euros charter governance, creation of an ethics committee …). Highly anticipated also a group préoffre Nouvel Observateur had to be filed Wednesday in the day. Is it backed by a partner like Orange, as seemed to think the discussions initiated between the two groups on Tuesday? It was difficult to see clear Wednesday.Alongside its general assembly, the new CEO of Orange, Stéphane Richard, has explained his plan to enter the capital of the world. "Some candidates have asked to be a minority partner, it is not a takeover," he said. This partnership would make sense in his eyes as if the result is "mutual benefits" for both groups. "The Orange could accompany the transition to Digital World", focusing on the Internet subsidiary of the group, Le Monde Interactif.

If Orange confirms his love for Le Monde, other applicants have chosen them to withdraw from the race. After the Swiss group Ringier Tuesday morning, the Italian group L'Espresso has officially given up yesterday to make a takeover bid of the group.

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"The existing plans are not ambitious enough," Judge Fitch, who still welcomes the willingness of the new Liberal-Conservative coalition to act very quickly. Even in London announced new austerity measures amounting to 0.4% of GDP in the form of budget cuts.

Under a new emergency budget to be presented June 22, the government should adopt targets for reducing the deficit more ambitious, Fitch recommends. The new conservative prime minister has already promised gold and years of "suffering" the British people.

"While other European countries are strengthening their plans and rigor that markets are concerned about the sovereign risk in developed countries, the size of the UK deficit is currently estimated for 2011 and failure to return to the 3% deficit the next five years are worrisome, "Fitch alarmed.