Medi-Clinic Corp. is seeking contracts to manage hospitals outside South Africa because it has too much debt to make further acqusitions, Business Report said, citing Edwin Hertzog, the company’s chairman.
Colony Capital LLC founder and Chairman Tom Barrack said Sebastien Bazin, who is stepping down as Colony’s European investment chief to take the reins at Accor SA, was the best choice to revamp the French lodging company.
Sebastien Bazin, Colony Capital LLC’s head of European investing, will take over as chairman and chief executive officer of Accor SA as the lodging company focuses on reducing the proportion of hotels it owns.
Guinea awarded a contract to manage its electricity system to Electricite de France, or EDF, President Alpha Conde told a meeting broadcast on state-owned Radio Television Guineenne yesterday, without giving details.
The biggest expansion of Internet addresses is being delayed as VeriSign Inc., which gets most of its revenue from managing .com websites, argues with competitors over whether corporate networks could be disrupted.