Numericable SA and its shareholder Altice SA are preparing an offer valued at about $20 billion to merge with Vivendi SA’s French telecommunications unit SFR, according to a person familiar with the matter.
On the night French President Nicolas Sarkozy lost his re-election bid in May 2012, he told crestfallen supporters he was quitting politics. About two years on, he’s having trouble keeping his promise.
German Chancellor Angela Merkel will turn to French President Francois Hollande for respite from her domestic turmoil as she travels to Paris on her first foreign trip this year after recovering from a ski injury.
Groupe BPCE directors unanimously said they support Executive Chairman Francois Perol, the former aide to Nicolas Sarkozy charged in a conflict-of-interest case relating to his appointment to lead the French bank.