Sunday 17 January 2010

Assessing the ‘relationship’ where “I am in”.


Assessing the ‘relationship’ where “I am in”. Here we come. As usual, much of this weekend is absorbed by the concerns, dramas, highs, lows, and soap operas that my ‘friends’ or ‘Abramovitch relatives’ continues to slog through. (I.e. the elections in Chile and Ukraine). Where I still to be captive by XXX old whore in this never-ending saga. Seems too, that is I who choose to be that droid who can’t stop to watching and worrying. Problem is, my the dear Royal Family of Lancaster’s, that to be wrapped up, isn’t mean at all that you may feel like participating in my plans for your own plans and finally – your happiness. You don’t care if I find myself in a potentially lucrative situation. And (apparently), surrounded by highly motivated people that honor my skills and identify personally with my work, views and ethics. Of course, as beautiful a picture as this does not appear to be, it’s not guaranteed, nor is it instant. I recall that this will take some time to tweak things up and make previously made promises good. This can pass through deleted prior ‘agreements’ than start over again, brand new negotiations’, terms, even the whole new plan of action. (Do me favor Andy – don’t forget how you hit in my head tonight, trying to impregnate me with your “Baltic sloop”. The six stolen skin coats – make you leader in “put-in” arrangements…) International Power PLC (LSE: IPR) is an international electricity generator formed in 2000 by the demerger of National Power. It is headquartered at Senator House, 85 Queen Victoria Street in the City of London. It is listed on the London Stock Exchange and, after a two and a half year absence, it rejoined the FTSE 100 Index in March 2005.
GDF-Suez dances round International Power. Lina Saigol. Published: January 16 2010 21:47 | Last updated: January 16 2010 21:47. Whenever a European chief executive shouts loudly about not doing a big deal, he or she often announces one not long after. So it’s no surprise that talk of GDF-Suez launching a £11bn takeover of International Power became louder after the French utility’s chief executive said last week that the group would not make a large acquisition this year. That sent shares in International Power to a 15-month high on Friday, but is it just traders trying to kick-start a listless M&A market or is there something going on? Here’s a glimpse of the reality. People in the know say the French government, GDF-Suez’s biggest shareholder with a 36 per cent stake, has given the company the go-ahead to hire bankers and explore a deal. Late last year, GDF mandated Goldman Sachs, Rothschild and BNP to do just that and discussions with International Power, which is understood to be using Nomura, have been taking place since. Proposals have been batted around, but so far, nothing definitive has been agreed . GDF-Suez should take this opportunity seriously. This would be a compelling proposal which would combine two leading power operators with significant synergies and the power to exploit faster growth demand from markets like the Middle East and Africa. For GDF-Suez, money isn’t an issue. The French group has the cash to finance the deal and, having been created out of an incredibly complex and politically charged merger itself, the French group should have enough experience to integrate the British company smoothly. One problem holding up the deal could be the French regional elections, due to take place during the middle of March, but shareholders concerned that GDF-Suez will struggle to meet its 2011 EBITDA targets organically, could help push it through with the support of the French government. Investors across all industries are eager to see the companies in which to invest use the cash they have built-up during the economic recession on M&A, so long as it makes sound strategic sense and involves sensible levels of debt. A GDF-Suez takeover of International Power would be exactly that and a good way to set the tone for dealmaking this year.

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