ROME – Alitalia SpA said a consortium led by Italian lawyer Antonio Baldassarre had not met the required conditions to participate in the takeover of the airline. Alitalia said it is now in talks with several other possible investors.
BRUSSELS – Gas Natural SDG SA CEO Rafael Villaseca said the Spanish utility will consider launching a bid for Belgian peer Distrigaz, according to Belgian press reports.
MADRID – Telefonica SA and Amadeus have decided to disband their 50:50 joint venture in on-line travel agency Rumbo and sell their stakes, Expansion reported, citing unnamed sources.
PARIS – Veolia Environnement’s waste management division plans to buy Bartin Recycling Group, a family-owned French metal recycling business, La Tribune reported, without citing sources.
MADRID – Spain’s bourse regulator CNMV said Suez is not obliged to launch a full bid for Aguas de Valencia after the French utility acquired a 33 pct stake in the Spanish water company.
PARIS – French internet service providers Neuf Cegetel and Iliad, owner of Free, held merger talks but abandoned them after their leading shareholders failed to agree who should control a combined group, Les Echos reported.
AMSTERDAM – ArcelorMittal to pay US$647m for 28% of China Oriental, according to the South China Morning Post.
FRANKFURT – Commerzbank is on the brink of lifting its 51% stake in Essen Hyp to 100 pct, reports Handelsblatt.