Bouygues has appointed two additional Deputy Chief Executive Officers since 1 September 2016: Olivier Roussat and Philippe Marien. Their remuneration is aligned with that of Martin Bouygues, Chairman and Chief Executive Officer. Olivier Roussat will become CEO and Martin Bouygues will remain in his role as Chairman.
The Company appeared to have caved under investor pressure with the recent departure of directors linked to its subsidiaries from the Board (Hervé le Bouc and François Bertière for this year).
In addition, Bouygues is one of the few companies in the CAC 40 to offer its shareholders the use of anti-takeover devices. Already at the general meeting of 2016, the Company was one of only in a few in the the index to allow the use of capital increases during a takeover period, as now foreseen by the Florange law. Bouygues is one of 10% of CAC 40 companies to permit the use of a buyback program for its securities during a public offering period and is one of the last two companies to still use warrants (“Bons Breton”) as anti-takeover defenses.
Moreover, we have has reservations about how the Company valued its equity stake in
Bouygues is a global industrial group engaged in designing, building and operating structures in public and private buildings, transportation infrastructure and energy and communication networks. Co. operates in three sectors - Construction (Bouygues Construction, Bouygues Immobilier and Colas), Media (TF1) and Telecom (Bouygues Telecom). Construction is engaged in the design and maintenance of projects in the areas of building, civil works, energies and services; Media offers activities covering the audiovisual sector; and Telecom offers mobile broadband services and prepaid card services for smart phones, as well as a range of services including telemessaging, voice mail and WAP
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>One-off impact of € 123m in Q3, i.e. -7.3% on 2018 EBIT - The Bouygues group announced yesterday after the market close that it expects a one-off fall of € 165 million in its underlying operating profit for 9M 2018 of the year compared to the same period in 2017. Adjusted for H1 results and the acquisition of Miller McAsphalt in February, we estimate a net impact of € 123m in Q3, i.e. -12% of the contracting segment's EBIT and -7.3% on our group EBIT estimate for 20...
Lowering breakeven is imperative given the industrialisation of the sector. A cost-income ratio below 65% (74% in H1 2018) assumes radical decisions on costs, the US, and structural weaknesses. Target price of € 23.9 based on forecasts below the consensus. Neutral recommendation pending rapid inflections. - Cf. Equity report published last evening. - ...
The Company operates as a Dual Listed Company (DLC). BHP Billiton plc is incorporated and listed in the UK while BHP Billiton Ltd is incorporated and listed in Australia. Samarco Incident Update On 5 November 2015, one of Samarco’s tailings dams (Fundao) failed unexpectedly,releasing muddy tailings downstream, reaching and flooding certain communities andcausing 19 deceases, 700 people lost their homes and important damages to thesurrounded area. The Company holds 50% interest in this entity. BHP Billiton Brasil is among the defendants named in a number of legal proceedings initiated by in...
Le principal objet de la présente assemblée est l'autorisation d'émettre 300 Obligations Convertibles en Actions de 20 000 € de nominal (soit au totale une émission de 6 M€ en nominal) au bénéfice d'une société de droit suisse, Nice & Green.La société indique que cette opération s'inscrit dans s stratégie de renforcement des fonds propres. Si l’on comprend les raisons évoquées par la société, elle n’explique cependant pas pourquoi elle a choisi de faire une émission sans DPS au lieu d’une émission avec DPS à laquelle tous ses actionnaires actuels, confiants en la stratégie de la société, aurai...
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