Exact(7)
G.M., which is restructuring its own unprofitable European operations, has said it has no interest in increasing its investment in Peugeot.
The British telecommunications concern Energis, which is restructuring its debt, said it would not make a £13.7 million ($19.5 million) bond interest payment due today.
The Western Union Corporation, which is restructuring its debt in a move to avoid bankruptcy, said today that it had revised the terms of a plan to exchange up to $530 million of its debt for stock and new notes.
WestLB has been aggressively pursuing acquisitions in Britain, bidding for British Telecommunications' phone network and the nation's railway tracks controlled by the troubled Railtrack, which is restructuring under government supervision.
The deal is a boost for the Co-op, which is restructuring in the wake of a crisis at its banking division which left it with a £1.9bn capital shortfall.
Pinault also owns Chateau Latour, a winery that's been around since 1331, and auction house Christie's, which is restructuring itself and cutting staff amid the downturn.
Similar(53)
Nor did students flock to the architecture school, which was restructured as the Prince's Foundation for the Built Environment, with a reduced emphasis on education.
It derives from Low Franconian, the speech of the Western Franks, which was restructured through contact with speakers of North Sea Germanic along the coast (Flanders, Holland) about 700 ce.
It is not clear who owns this stock now; many original lenders may have long ago written off losses on debt -- part of which was forgiven, and part of which was restructured.
Unlike foreign investors, many of whom bought the securities at reduced prices, the Greek banks would not reap big profits if they sold their bonds — which were restructured earlier this year — at about 33 cents a euro.
Lactalis's interest in Parmalat, which was restructured after a spectacular bankruptcy in 2003, comes soon after the Italian Bulgari family sold its celebrated jewellery empire to France's LVMH.
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