Management Contract News
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Accor SA, Europe’s largest hotel operator, fired Chairman and Chief Executive Officer Denis Hennequin after he disagreed with the board over the pace of the company’s expansion plan.
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Libya pledged to review a management contract with an Emirati partner at the Ras Lanuf refining complex following a workers’ protest, according to the state-run National Oil Corp.
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After developing a chest cold and breathing problems last year, Susan Alexander went to First Choice ER, an independent emergency room in League City, Texas, drawn by its motto: “Real ER. Real Fast.”
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Spain’s Cabinet approved the sale of a 49 percent stake in the state-owned airport operator Aena Aeropuertos and of management contracts for its two biggest airports in Madrid and Barcelona.
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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.
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Tribal Group Plc surged to the highest since 2008 after the maker of education support software said 2013 has begun well, following strong international headway in countries including Australia, and that it expects further progress.
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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.
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GreensLedge Capital Markets LLC and Cantor Fitzgerald LP raised a $525.5 million collateralized loan obligation for Highland Capital Management LP, the first for the Dallas-based firm since 2008, according to a person with knowledge of the deal.
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Invista Real Estate Management Holdings Plc, the U.K.’s largest publicly traded property asset manager, said Lloyds Banking Group Plc is to end Invista’s contract to oversee 2.4 billion pounds of assets for its HBOS unit. Invista managed 5.4 billion pounds of assets at June 30, it said in a statement today.
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Accor SA, Europe’s largest hotel operator, said annual profit increased 2 percent and announced a plan to widen its margins and cut costs.
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