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But almost all of the profit came from one-time gains from the sale of asset stakes in its German cable networks; its stake in Global One, which provides worldwide networking services for corporate customers; its stake in Wind, an Italian wireless carrier; and its flotation of shares in T-Online, its Internet subsidiary, in April.
Murray was appointed Rangers chairman last June after the takeover by a consortium led by Charles Green and oversaw a flotation of shares.
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Consob's approval is needed not just for the flotation of new shares, but also for creditors to vote on the next stages of Mr Bondi's strategic plan.Many of Consob's last-gasp questions had been answered long ago, and concerns relating to the status of the group's legal claims were simply perplexing to Parmalat.
The move coincides with efforts by the company to promote itself to investors before the flotation of its shares.
Middelhoff also recently put a string of smaller units up for sale in a drive, all perhaps as a prelude to what the Europeans call a flotation of company shares by 2005.
One of the U.K.'s largest asset management groups has advised investors to steer clear of the flotation of Rosneft because shares in the Russian state oil company carry unacceptable legal and governance risks.
Lloyds Banking Group has underlined its determination to entice investors to back the stock market flotation of TSB by pricing shares in the new bank below its own valuation of the 631 branch network.
Genuine excitement preceded the flotation, with demand exceeding the number of shares issued by 23 times.
Since the early days of the flotation, the shares have traded consistently above 500p.
The planned share flotation of Willcom, Japan's largest operator of personal handyphone system services, will mark the fourth Japanese exit by Carlyle, which oversees more than $34 billion in capital worldwide.
Facebook set the final price of shares in its landmark flotation at $38£2424) back in May 2012.
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