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Entry for GDF Suez Baltic pipeline continues to be delayed

BERLIN (Dow Jones) – The final entry of the French energy group GDF Suez for the Nord Stream pipeline draws further down. He expected the agreement to acquire 9% to finalize the project in the coming weeks, said Jean-Francois Cirelli, GDF Suez SA for the for the operational business jurisdiction, on Friday.
In early April, the chief manager of the company Gerard Mestrallet, spoken by one degree in the coming weeks. At that time he had the delay on "technical Reasons "pushed. Cirelli said, now in Berlin on the sidelines of a gas conference without cause, he hoped for an agreement in June to the Gas Forum in St. Petersburg.
is already in over a year on one entry of French discussed the project. Once in March, then finally a Memorandum of Understanding was signed was a contract signed by early April provided.
The Russian energy giant Gazprom holds 51% of the project, will transport 55 billion cubic meters of natural gas every year. The E. ON Ruhrgas and gas subsidiary, BASF subsidiary Wintershall currently hold 20% each Nord Stream, the remaining 9% owned by the Dutch Gas company Nederlandse Gasunie NV. German companies have already repeatedly expressed its agreement to give each 4.5% of GDF.
At the Berlin conference said Bernhard Reuters mountain Chairman of Ruhrgas, it is difficult to an exact date for the call to finalize the talks. "The discussions are largely complete, it must only be clarified Details be, "he said. The consortium trying, however, the contract for cause be signed if all parties were present.

   

Website: www.nord-stream.com

- By Jan Hromadko, Dow Jones Newswires;
+49 (0) 69 29725104; unternehmen.de @ dowjones.com

DJG / DJN / mmr / kla
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May 21, 2010 10:13 ET (14:13 GMT)

Copyright (c) 2010 Dow Jones & Company, Inc

Moody’s raised its outlook for Fresenius SE to "stable"

FRANKFURT (Dow Jones) – Credit rating agency Moody’s has its Outlook for the credit rating of Fresenius SE to "stable" from "negative" increased. The business of the Bad Homburg health care group during the global Economic crisis had remained stable and the financial ratios would have improved, founded Moody’s Investors Service on Friday Decision. The corporate family rating of Fresenius reaffirmed the Rating agency "Ba1".
Last year, the Mutual Group had by a constant organic sales growth of around 8% and an EBIT margin of continued over 15% once again its resilience to economic cycles demonstrated. An increase in the rating, Moody’s will but only in CONSIDER, if the financial strategy of the group clearly change and have a lower level of indebtedness to the goal. Also the debt structure must first be simplified.

   

Website: www.moodys.com

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May 21 2010 10:12 ET (14:12 GMT)

Copyright (c) 2010 Dow Jones & Company, Inc

Airbus and Leoni terminate contract early

HAMBURG (Dow Jones) – European aircraft manufacturer Airbus and cable specialist Leoni end their cooperation prematurely. The performance of the year 2008 closed Five-year contract with a volume of EUR 50 million was not worth economically, Leoni said spokesman Bernd Buhmann on Friday Dow Jones Newswires. The Nuremberg company had the production of cable harnesses for different parts in aircraft taken over.
The development requirements are more extensive than thought failed. For this reason, the two companies would be amicable agreement to end the contract. The final separation will take place in the second half of 2010.
Airbus has already found a replacement for the work. In future, Labinal again this part of the cable production for the A320 to A340 families take. The company had the Order already held before 2008 due to a re-tendering of Leoni was passed.
The transfer of the cable production by Leoni to Labinal successes in steps, "said Airbus spokesman Tore Prang. For this reason arises from the premature termination of the contract with no Leoni Gap in the supply of aircraft production. Economically Airbus is put through the new agreement is not with Labinal worse.

   

Web sites: www.leoni.de
www.airbus.com

-By Kirsten Bienk, Dow Jones Newswires
+49 (0) 40 3574 3116, kirsten.bienk @ dowjones.com
DJG / KiB / ebb 

(END) Dow Jones Newswires

May 21, 2010 09:09 ET (13:09 GMT)

Copyright (c) 2010 Dow Jones & Company, Inc.

Karstadt-administrator is waiting for comments of the local

ESSEN (Dow Jones) – Karstadt administrator Klaus Hubert Görg still waiting for final comments from seven churches on its application for tax exemption. It was still open, as in Munich, Cologne, Bonn, Hannover, Mülheim, Duisburg Dresden and would decide, "said spokesman Thomas Görg Schulz on Thursday. Overall, the liquidator had to rescue the company’s 94 municipalities of Karstadt sites for the immunity of Taxes requested.
The responses of the receivers needed by 25 May The tax exemption is one of the conditions to fulfill the Insolvency.
Preferred bidder for the takeover of Karstadt continues to be the financial investor Triton. He was on his negotiations with most advanced and have concrete plans to The firm, said Schulz. It would also be two more are interested in the data space.
The administrator requires up to 28 May a signed purchase agreement. The district court wants to eat 31 May his make final decision on insolvency. If the Insolvenplan not in force, threat of breaking up the company.

   

Website: www.karstadt.de

- By Kirsten Bienk, Dow Jones Newswires
+49 (0) 40 3574 3116, kirsten.bienk @ dowjones.com

DJG / KiB / kla
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May 20, 2010 11:25 ET (15:25 GMT)

Copyright (c) 2010 Dow Jones & Company, Inc

Spectrum auction has ended – E-Plus is empty from 800 MHz

MAINZ (Dow Jones) – The ongoing for weeks Mobile spectrum auction has ended. As the Federal Network Agency announced on Thursday, reached the sum of all bids held at the end of Auction 4.385 billion EUR. In the coveted 800-megahertz range was the Mobile operator E-Plus is reported to empty out. The auction had already on 12 April in Mainz started.
It came under the hammer Sendespektrum the frequency ranges 800 Megahertz (MHz), 1.8 gigahertz (GHz), 2 GHz and 2.6 GHz. For Auction were the four licensed mobile operator T-Mobile, Vodafone, E-Plus and O2. Especially attractive was the 800-MHz frequency band, which in the wake of the closure analogue broadcasting has become vacant and the comparatively has the highest range.
The 800-MHz frequencies were awarded in six blocks, although at first it was depending on the bidding restrictions. Were allowed to E-Plus and O2 offer for more blocks than T-Mobile and Vodafone, as the two latter already has more spectrum in the 900 MHz range have two smaller than the E-operator.
The German Telekom, Vodafone and O2 have at the auction According to information from Thursday two blocks in the 800-MHz range secured and cut out the competitor E-Plus.

   

Website:
http://www2.bundesnetzagentur.de/frequenzversteigerung2010

DJG / phg / kla 

(END) Dow Jones Newswires

May 20, 2010 11:25 ET (15:25 GMT)

Copyright (c) 2010 Dow Jones & Company, Inc.