Namibia Water Corp. is in talks with Areva SA to buy an undisclosed stake in the Paris-based nuclear power company’s water desalination plant in the southern African country, spokesman Tommi Numbala said by phone.
Pescanova SA, the Spanish fishing company whose former board hid more than 2 billion euros ($2.7 billion) of debt, is asking lenders to take nominal losses of as much as 97.5 percent as part of restructuring proposals.
Shareholders of Pescanova SA, the Spanish fishing company that’s restructuring more than 2 billion euros ($2.7 billion) of previously undisclosed debt, are asking creditors to accept losses of as much as 73 percent, according to a person familiar with the matter.
Angola Telecom, the African country’s state-run phone company, is on track to make a profit for the first time in eight years after receiving a $314 million government bailout to fund debt payments and boost sales.
AngloGold Ashanti Ltd., the world’s third-largest producer of the metal, withheld a dividend for the second half of 2013 even as it increased annual production for the first time in nine years and lowered costs.
Namibia said it won’t be able to renew a trade deal with the European Union by the time an existing agreement expires in October because the 28-nation bloc is inflexible over food and agricultural imports.