The Kinder eggs and QCD.

The Kinder eggs and QCD. If the virtual partnership will depend of my ‘courage’ and my adaptability, what I go to do with the encountered tension at the “my workplace”? How can I watch for my ‘moods’, my ‘temperament’, and my opinion, if still feel seriously neglected and “apparently” misunderstood”? Look at the past for existing problems? And than “comeback to reality” and make out a ‘new possibilities’? But doing this to don’t fell into old trap to be too much outspoken, to much a “fat mouth”? It’s simple to do. Just read my CV and listen how you in clear and loud voice shooting in my face: ‘Old!’ Well, I’ll start to answer not with old friends from Intesa Sanpaolo, Unicredit and Mediobanca. I’ll start from the beginning, start with the “Kinder chocolate eggs”. When I was working like a Responsible by the Quality Control Department in Euro – Arc (not the arce, but Arc) Holding, one of enterprises was called “Favorita” – the chocolate maker. Now, you see where lie my stubbornness and the refuse to speak clearly about Cadbury/Kraft current arrangements. Because, to being outspoken in “private” web is okay, but if I’m overbearing about my opinions, well, ‘maybe’ this is not okay after all. However, when my life’s ‘Diary Milk’, like today arrive at the point when I (to answering to my friend observations the type of: “C’mon, you know this kitchen, you work there, etc.”) I’m like that white knight, telling to cronies: Hold, hold,…steady,… FIRE! …and the Ferrero Rocher confirms what I was dreaming tonight. I.e. I have some trouble with my underwear. Without details, can only say that I was ruddy when my girlfriend (?!) was observing flatly how one of ferrero rocher jump out of my underwear… My Lord…Let’s comeback speak more seriously. The evolution (after COP15) of Portland 450 cement is rightly directed by now. The “rusia petroleum’s” IPO – nothing new, since the General Director of Macroeconomic Institute in Moscow’s flat was “coincidently” cleaned up. That the “lucky politician” medvedev, to don’t fell into the cocaine… (you know how I call them all) trap, dedicate the all first pages in media, to the 20 tones of his age dead meat. And the beter politician since the Pieter the I, the “Put – in” lost the Danzig Corridor. With all theirs external politics. Of whom idea was based on the “ρ-лодка” – i.e. the “Ship”. (I.e. Borisov in Greenland). Seems to them that my previous experience in beer business eventually can culminate in a “passionate embrace”. Shame, because with these half…, half…, half…, long way to my Reference 300.

Heineken makes £4.8bn swoop on Femsa to capture Sol drinkers in Mexico. Heineken has agreed to buy the Mexican brewer of Sol lager for €5.3bn (£4.8bn) to expand its emerging markets business.Published: 12:00PM GMT 11 Jan 2010The Dutch brewer will buy the beer business of Fomento Economico Mexicano SAB (Femsa) in an all-shares deal, which gives the Mexican company a 20pc stake in Heineken. “Through this deal we become a much stronger, more competitive player in Latin America, one of the world’s most profitable and fastest growing beer markets,” Heineken chief executive Jean-François van Boxmeer said. Heineken’s shares rose after it announced the deal, as analysts praised the takeover for reducing Heineken’s reliance on western Europe, where beer consumption is in decline. Heineken bought the UK business of Scottish & Newcastle in 2008 to become the biggest brewer in this country. SABMiller, the world’s second-largest brewer, was also interested in Femsa but reportedly pulled out of the race when it became clear Heineken’s offer was higher than it was willing to match. Brewers have been joining forces in recent years, to cut costs as the amount of beer drunk in developed markets such as Europe and the US has continued to fall. The world’s biggest brewer, Anheuser-Busch InBev, was formed from the merger of Budweiser maker Anheuser and InBev, the Belgian brewer of Stella Artois and Becks, in 2008. Heineken will issue new shares to pay for the deal and give the stake to Femsa. The brewer will issue 86m new shares to Femsa when the deal closes and a further 29m shares within five years. The deal is expected to close in the second quarter of this year. Heineken will take over all of Femsa’s brewing operations in Mexico and the 83pc of Femsa’s Brazilian beer business which it did not already own. The valuation of €5.3bn includes €1.5bn of net debt and pension obligations as well as the equity value of €3.8bn. The company expects to achieve cost savings of €150m a year by 2013 as a result of the takeover. Femsa’s beer revenue was €2.6bn in 2008. Femsa still has a soft-drinks business, Coca-Cola Femsa, and owns Mexico’s largest chain of convenience stores, Oxxo. Heineken said the deal bolsters its position in three of the world’s four most profitable beer markets - Mexico, Brazil and the US, the no.1 market. As well as the Mexican and Brazilian businesses, Femsa exports brands such as Dos Equis to the US, where Hispanic consumers are one of the fastest-growing beer-drinking sections of the population. Heineken already distributes some Femsa brands in the US. The company sees potential to export more Femsa brands to the UK and the rest of Europe. Heineken also hopes to sell more of its own lager in Latin America through Femsa’s distribution network.

Russian oligarchs plan London listings. January 10 2010 23:32. A group of Russian oligarchs are priming their companies for multi-billion dollar London listings in a sign the City remains the favoured financial centre for the country’s tycoons as they try to rebuild fortunes devastated by the crisis.
Sergey Popov and Andrey Melnichenko, the owners of Russia’s biggest coal producer Suek, will appoint banking advisers this week for a stock market listing in London and Moscow that could value the business at up to $9bn, according to people close to the company. ProfMedia, one of Russia’s largest media groups controlled by the magnate Vladimir Potanin, has also mandated Bank of America-Merrill Lynch and Credit Suisse for a London listing that could achieve a market value of up to $2bn. Both listings are expected to launch in the second half of the year. Bankers see the return of large Russian companies to London as confirmation that the City remains attractive as an international financial centre for Russia’s richest business people after the capital missed out on the flotation of Oleg Deripaska’s aluminium company Rusal to Hong Kong. After months of negotiations the Hong Kong Stock Exchange granted conditional approval last month for the Rusal offering but restrictions have been imposed by regulators on private investor participation. “Deripaska’s experience has raised a warning flag to Russian companies thinking about listing somewhere else from London,” said Chris Weafer, chief strategist at UralSib. The collapse in share and commodities prices in 2008 cut sharply the fortunes of many of Russia’s wealthiest tycoons. The total value of Mr Potanin’s assets fell from $19.3bn in 2008 to $2.1bn in 2009, according to Forbes magazine. Mr Popov’s fortune fell from $6.4bn to $2.4bn in the same period, while Mr Melnichenko’s net worth fell from $6.2bn to $1bn, according to Forbes. One person familiar with the Suek deal said a float of about 25 per cent of the company was envisaged and that the Russian state-controlled bank VTB and Citigroup had been chosen provisionally to co-ordinate the deal. Several other banks, including BoA-Merrill Lynch, Morgan Stanley, UBS and Credit Suisse, are on a shortlist for the final roles. The London shares of Suek are expected to be issued as global depositary receipts, securities representing shares of a company traded on a different stock exchange that allow foreign companies to attract a wider range of international investors than a local listing.

Ferrero unwraps plan for $4.5bn loan to join Cadbury bid party. January 11, 2010. Ferrero moved a step closer to gate crashing the £10.5 billion bid battle for Cadbury last night after the Italian chocolate maker lined up a bumper loan that could be used to back an offer for the British confectionery group. Ferrero, which makes Nutella spreads and Kinder chocolate eggs, is talking to the Italian bank Mediobanca about taking on a $4.5 billion (£2.8 billion) loan that would be syndicated to at least four other big lenders, according to local reports. The loan would be structured in two tranches and would most likely be extended to a new company controlled by Ferrero, reports said. Other banks considering taking part in the loan are thought to include domestic players Intesa Sanpaolo and Unicredit. Ferrero, which in November said it was considering its options over a potential bid for Cadbury, has until February 2 to table a formal offer. Cadbury is fending off a hostile cash and shares bid from Kraft of the US. It has repeatedly dismissed the bid as “derisory” but it remains the only formal offer on the table. Ferrero, which also makes Ferrero Rocher chocolates, has been tipped as more likely to join forces with another bidder, such as Hershey of the US, rather than try to mount a counter-bid for Cadbury on its own. The difficulties of agreeing partnerships and lining up funding were last week said to be dampening both companies’ interest in launching a rival bid, but the emergence of the loan for Ferrero suggests it is still a possibility. Reports yesterday said the Italian chocolatier had still not made up its mind about a bid. Ferrero could not be reached for comment last night. The takeover battle for Cadbury, which has been raging since Kraft made its first informal approach in September, is at a turning point. Cadbury will this week publish its final defense against Kraft’s bid, which is expected to focus on the American company’s poor share price performance since its demerger from the Philip Morris tobacco giant in 2001. Kraft shares, worth $31 at the time of the demerger, were changing hands for just above $27 last week. Cadbury will also this week publish its final results for the past year, which are expected to show encouraging growth in sales and profits. Cadbury has already said it is confident that it can increase its annual revenues by between 5 per cent and 7 per cent. It is also aiming to increase profit margins to at least 16 per cent by 2013. Double-digit dividend growth is promised. Cadbury shares closed last week at 778p, higher than the current value of Kraft’s offer, with shareholders making it clear that the American group must bid at least 800p a share for any chance of success. Kraft has already improved its offer once, increasing the cash component of its bid to 360p a share last week and is thought to be looking at ways of raising the offer further. However, it has come under pressure, not least from Warren Buffett, whose Berkshire Hathaway investment group is its largest shareholder, not to overpay. Mr Buffett’s company said last week that it had voted against a Kraft proposal to issue 370 million additional shares to fund its offer for Cadbury. He said that he would make a final decision about whether to approve a share issue once Kraft had tabled its final offer. Kraft is expected to wait until late next week before making its move. It has until January 19 to present its best bid, with a deadline for acceptances in early February. Cadbury has already made it clear that it believes a combination with Hershey would be a better fit for the two companies. Over the weekend, Roger Carr, Cadbury chairman, said that Mr Buffett’s intervention was “embarrassing” for Kraft and raised question marks over its ability to materially increase its current offer.