Sacyr Vallehermoso negotiate with the group french Fayat the surrender of a portion of the 33.2%

Sacyr might relinquish some of its shares in Eiffage Bordeaux Fayat
The Spanish construction group Sacyr Vallehermoso group negotiates with the french Fayat selling a stake of 33.2% it owns in the capital of french Eiffage, understands this Friday, the newspaper La Vanguardia.

The Spanish construction group Sacyr Vallehermoso negotiate with the group french Fayat the surrender of a portion of the 33.2% it owns in the capital of the french group Eiffage, said Friday that the newspaper La Vanguardia. The newspaper does not identify its sources and did not give details on the format or timing of the sale of the group Bordeaux BTP Fayat.

Very discreet, the group headed by Clement Fayat Fayat (76 years old) founder of the eponymous group, is no less an actor of choice in road maintenance - a world leader in its sector and 40% of turnover the group - and the fourth player in the french construction. Its turnover was 2.2 billion euros and its own funds of 515 million. A comparison to the amount of 1.7 billion euros for the participation of Sacyr in Eiffage.

Interviewed by Agence France Presse (AFP), Sacyr did not wish to comment, respecting its usual course of action regarding the information published on this subject. The Spanish group has already stated that he was ready to dispose of its shareholding. "We are open to any kind of offer," said the chairman of the group Luis del Rivero, in November.

Sacyr entered the capital Eiffage early 2006 and has tried since joining the board of directors. Both groups engaged in a war fierce legal, denouncing French takeover, by the progressive Spanish, and the latter dénoncant manoeuvres Eiffage to prevent him from attending.

The next deadline the court case is scheduled for April 2, when the Paris Court of Appeal to issue a ruling on a decision by the Financial Market Authority (AMF) French that Sacyr contests. The AMF has, in fact, rejected a draft of an exchange offer (OPE) submitted by Sacyr on Eifffage, considering that he had acted in concert with other shareholders to try to take control of french manufacturer. She Sacyr forced to launch a takeover bid (OPA) with a significantly higher value during Eiffage then

Because of competition with the TGV,

Because of competition with the TGV, the airline will remove, as of April, the regional lines that connect Orly in Rennes or Lyon. One thousand jobs would also disappear in ten years.

AIR FRANCE has the TGV "evil". In April, the airline will halt or nearly services to several provincial cities, departing from Orly, a victim of growing competition of the TGV and low cost, these low-cost airlines. Plus none of its planes will not arise in Rennes.

In Lyon, it is also the end, there will not be a Orly-Lyon in Airbus-318 is designed to ensure the transfer of passengers to the Antilles. As for Avignon, the service stops altogether even though the City of the Popes will have a little grace period until the end of the theatre festival in August. Marseille also happening in the blender with two daily frequencies closed (out of seventeen shuttles currently) this year. And this is just the beginning.

Effort "anticipatory"

Because by 2018, the company already provides for a further decline in its domestic traffic because of the travel time of the TGV, even faster towards Montpellier, Strasbourg, Bordeaux and Toulouse.

This has been indicated by an internal document, revealed yesterday by the daily "Les Echos", and presented on 27 February by the Directorate of Air France to central council. "With the exception of Nice and Corsica, all calls will be impacted," says the document, and whose "Parisien" has taken note.

"TGV" The effect is well known: "under a three-hour trip, he wins every time on the plane," says a specialist in air transport. That's what happens to Air France.

At Strasbourg, the company has calculated that a journey of TGV reduced to one hour fifty from 2015, the share of train pass ... 90% (vs. 70% now). At Bordeaux, it anticipates a drop in traffic of 40% since 2013 with a TGV journey of two hours and forty. But even the most distant destinations will suffer. For Toulouse, which will be linked into four half hours by TGV from 2013 and then in three hours from ten to 2016, the airline expects a loss of half of its shuttles, with traffic down 30% from 2013 and 40% in 2016.

Consequent to this effect rolling: 1000 jobs will disappear in the province where stops are currently 4178 people by 2018. At the direction of Air France, it is true, it also nuance: "There will be no redundancies. Simply, where competition is growing, we have to reorganize. We did this on Strasbourg, anticipating the shock of TGV four years in advance, there you go about eight years in advance, "says his spokesman.

Objective: To avoid a losing battle and unnecessary additional cost. While some unions CGT are on the alert, while others appreciate this "effort rather anticipation" (see below).

It's that every time one of its aircraft "feeling" the tarmac of an airport in the province runs counter to Air France, took crushed between the TGV and low-cost airlines at the expense of staff "ultralight ". Between the salaries of its personnel on the ground, costs of materials, kerosene ... The cost of the "hit" of its planes has increased by 67% between 1997 and 2007. No doubt, after bouté plane outside Lyon twenty years ago, followed by Nantes, the TGV still do damage in the sky french.

Parisot was informed "before the summer" 2007 system withdrawals

Parisot was informed "before the summer" 2007 system withdrawals

The former president of the UIMM, Denis Gautier-Sauvagnac, says he himself informed the president of Medef system cash withdrawals from a conversation "in the spring, in May-June." Laurence Parisot says his side would have learned that the existence on September 25.

Frederic Saint-Geours, president of the UIMM and Laurence Parisot, president of Medef (AP)

Frederic Saint-Geours, president of the UIMM and Laurence Parisot, president of Medef (AP)
The former president of the UIMM Denis Gautier-2007 of the existence of the system of cash withdrawals, "said AFP Saturday at his lawyer, Jean-Yves Le Borgne.
"My client confirms what the President Dewavrin," said Mr. Le Borgne, stating that Denis Gautier-Sauvagnac dating "in the spring, in May-June" this conversation with the president of Medef during which he allegedly informed of the existence of this system.

The version of Laurence Parisot

In an interview with Le Monde dated Sunday, Laurence Parisot said he learned of the existence of this system of cash withdrawals "on the eve of the publication of the facts by Le Figaro, to 19 hours, by phone of a journalist" , Sept. 25, 2007.
President of the Union of Industrial and metal trades from 1999 to 2006, Daniel Dewavrin told AFP that Denis Gautier-Sauvagnac had already "have had a conversation with Laurence (Parisot), and it was perfectly Current now. "
"She was aware of it in June or May 2007, in any event before the holidays," said close to the DGS.
Some 19 million euros in cash were removed from the UIMM coffers between 2000 and 2007 under the authority of Denis Gautier-Sauvagnac.
Investigators suspect that the majority of these funds have been used to finance covert unions