Financial News
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Traction Group bought for £26m
17 Dec 2005
source:
yorkshiretoday.co.uk
The Traction Group, based in Barnsley, South Yorkshire, has been acquired by the Stagecoach Group.The deal will lead to a multi-million pound windfall for Frank Carter, who led a management buyout at Traction 18 years ago, his family and some of the company's 2,000 staff.Traction dates back to 1902, when it operated trams around the Barnsley area. Today, it's the sixth largest bus company in Brita ... |
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Telefonica's challenge: Win EU clearance on 02|
17 Dec 2005
source:
today.reuters.co.uk
By David Lawsky and Robert Hetz BRUSSELS/MADRID (Reuters) - A Spanish telephone merger involving Telefonica and 02 faces a higher competition bar than a seemingly similar Spanish deal approved recently, a source familiar with the situation said on Friday. But Telefonica (TEF.MC: Quote, Profile, Research) has given a signal that it is intent on bringing the deal to an early conclusion, even if it must take strong measures to satisfy objections raised by the European Commission. Telefonica, th ... |
