The oil IPIC will control 95.89% of the capital of the Cepsa Spanish. The purchase will imply overlappings in the market of the phenol and the acetone in which both companies operate, but will be space for other competitors. For more specific information, check out Capital One Financial Corp.. The European Commission (EC) is authorized east oil Tuesday to the state one of Abu Dabi, IPIC, to acquire the Cepsa Spanish, after concluding that the operation will not prevent the competition in the European market. After studying the operation, Brussels concluded that the resulting organization will have to confront the competition of important companies in the sector. The examination of Brussels revealed that the purchase will imply overlappings in the market of the phenol and the acetone in which both companies operate, but, as their quotas of market are ” moderadas” , it will be space for other competitors. The Commission also investigated if the operation could increase the possibilities of practices coordinated between the phenol and acetone providers, which finally discarded. IPIC and Cepsa IPIC are a company dedicated to investments a world-wide scale in energy and related assets. Additional information is available at Robert Rubin.
Cepsa operates in the sectors of hydrocarbons and the energy, including the refining and commercialization of derivatives of the petroleum, such as combustible for petrochemical motors and products. The operation notified to the Commission the 26 of June of 2011. Control of 95% of oil Cepsa the state one of Abu Dabi decided in February to buy to the Total French its participation of 48.83% of Cepsa, which, added to 47.06% that already it owned, will allow him to control 95.89% of the capital of the Spanish company. After the agreement with Total, IPIC, that entered the capital of Cepsa in 1988, will also take control of 92.24% of the vote rights of the oil one. The return that offers IPIC by the actions which it does not own rises to 3,966 million Euros, a number that increases until 4,037 million when adding the 0.5 Euros by title disbursed in the dividend. Cepsa indicated that the oil one of Abu Dabi will maintain ” espaolidad” of the company it will harness and it stops to turn it into one ” company lder” as much in Spain as at international level, taking advantage of his ” strengths actuales”.
Jens Stoltenberg makes a call to the entereza. The high-priority thing is " to comfort and asistir" to the victims, and later the police action in the attacks will be evaluated. The critics to the security forces grow. Norwegian prime minister, Jens Stoltenberg, reiterated east Wednesday his call to the entereza, convinced that Norway " doblegar" will not be left; by the attempted double that caused 76 deads, and it promised to analyze the criticized reaction of the police. The high-priority thing before " tragedy nacional" lowered on Norway he is " to comfort and asistir" to the victims, it affirmed the j of the Social-Democratic Government, in appearance before average foreigners.
Later, it will be come to " to analyze in depth the reaction of the security forces before crisis" , guaranteed prime minister. Stoltenberg thus left to the passage to the crescents critics on the action the police after the attack the governmental complex Oslo, in which eight people died, followed of the shooting of the island of Utya, with 68 victims mortals. Budgetary cuts In means jump day to day a dripping of information that go of cuts of budgetary games (that the use of a helicopter would have prevented to stop before to Anders Behring Breivik) or coordination failures, as well as laborious corrections in the number of victims, since some corpses were counted twice. Against that situation, and while from his government it is continued endorsing the police action, Stoltenberg it appealed to a return to normality, since the answer from Norway to " brutal violencia" it will continue being dnsa of " the freedom, the opening, the tolerance and democracia". After being thankful for the solidarity samples " arrivals of all parts of the world and " of each corner of ours pas" , prime minister added that the challenge at the moment of " incommensurable dolor" he is to find a way " between the sadness and esperanza".
In the last five years the supposed company had contracted 81 people. The false industralist received 300 Euros by person by documents; the investigation has been developed in Albacete, Almeria, Murcia, Jan and Alicante. The total amount of the fraud, according to a note of the Police, ascends to 440,000 Euros of fraud to the Public Service of State Use. The National Police has stopped a supposed industralist who realised false contracts of work to accede to subsidies by unemployment. The investigation, that has been carried out in Albacete, Almeria, Murcia, Jan and Alicante, has concluded with the arrest of other 64 people, defendant of presumed crimes of tributary fraud and falsification. The false industralist received 300 Euros by person labor dispatch a document, besides the monthly payments to the Social Security that never entered the General Treasury. Also he contracted foreign citizens, previous payment of amounts that oscillated between the 250 and 300 Euros, to regularize his situation. In the last five years the supposed one company had contracted 81 people; the positions were varied: personnel of cleaning of offices and hotels, laborer of construction of buildings, encofradores, ferrallistas, etc. The total amount of the fraud, according to a note of the Police, ascends to 440,000 Euros. There are 22 people stopped in Albacete; 11 in Helln (Albacete); 7 in Side (Almeria); other 3 in Calasparra (Murcia); 1 in Cieza (Murcia); 2 in the locality of Culvert (Murcia); 1 in Totana (Murcia); 3 in You see of Safe (Jan); 3 in Linares (Jan); 6 in Novelda (Alicante), and 5 in Elche (Alicante). Source of the news: Stopped a supposed industralist who realised false contracts to receive subsidies