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...water companies have deep pockets, and and they have learned to hold their breath. They've waited out wars and revolutions; a bit of bother in the outre-mer hardly fazes them. Both firms were built around water concessions first granted in the 19th century. The Compagnie Générale des Eaux, which evolved into Veolia, was born in 1853 when the progressive councilors of Emperor Napoleon III granted a group of investors the concession to provide water to the city of Lyon. It was such a hit on the Paris stock market that the company soon spun...

Author: /time Magazine | Title: A Thirst for Growth | 3/16/2007 | See Source »

...ahead of the reality. Today, people are not looking into a 'new paradigm,'" Pereira says. "There's a bubble-effect risk in some sectors, but it's a very different environment." Daniel Fermon, senior European strategist for French bank Société Générale points out that some companies today are very publicly balking at prices they believe unreasonable; he cites the decision in September by French advertising giant Publicis not to raise its $2.8 billion bid for British media-buying company Aegis. KPMG's Barrett concurs. "We're not seeing the sexed-up transactions...

Author: /time Magazine | Title: It's High Time for Mixing Brands | 12/31/2005 | See Source »

Last week two French magazines accused the terrorists of being French government agents. VSD and L'Evénement du Jeudi charged that agents of the Direction Générale de la Sécurité Extérieure (DGSE), France's CIA, had arranged the sabotage of the Greenpeace vessel. The accusation brought an immediate response from President François Mitterrand, who dispatched a letter to Lange. "The information that has been sent to us leads us to think that a link may exist between the French service and two persons implicated by New Zealand authorities in the affair of the Rainbow Warrior...

Author: /time Magazine | Title: France: Uncovering a French Connection | 4/18/2005 | See Source »

...interest on its roughly 4.5 million current accounts make it the first major bank in France to exploit last month's regulation changes quashing 70-year-old laws banning certain charges and payments. So far banks Société Générale, BNP Paribas and Crédit Agricole all say they will not follow suit until customers express interest of their own. It may be a long wait. Though the French wrote 4 billion checks on 57 million current accounts last year, the national average balance of €1,500 would yield a mere...

Author: /time Magazine | Title: Bizwatch | 4/17/2005 | See Source »

...euro zone," says Francesco Giavazzi, an economist at Milan's Bocconi University. If anything, Giavazzi says, Santander's move in Britain demonstrates how many barriers remain to such transnational deals. Santander had already been blocked from taking over France's Société Générale in 1999 because the bid came from abroad. When Spain's Banco Bilbao Vizcaya Argentaria tried to merge with Italy's UniCredito Italiano the same year, Italy's regulator, too, balked at the idea of an Italian bank falling into foreign hands. In Abbey's case, U.K. competition regulations may have...

Author: /time Magazine | Title: Banks Without Borders | 8/1/2004 | See Source »

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