Europeans buy Intelsat for $5 billion

Other author's news:

• Kremlin backs takeover for bank - Moscow, Russia, Jul. 7 (UPI) -- Russia's Central Bank is involved in talks about a possible takeover for the troubled Guta Bank, its chairman told the State Duma Wednesday.
• Providian closing San Antonio office - San Francisco, CA, Jul. 7 (UPI) -- Providian Financial of San Francisco, Calif., said Wednesday it is consolidating its customer service operations.
• Russian bank rides to Guta's rescue - Moscow, Russia, Jul. 9 (UPI) -- Russia's troubled Guta Bank has reached agreement to be taken over by a more prosperous competitor, RosBusinessConsulting reported Friday.

Similar news:

• European/US private equity consortium buys Intelsat in deal valued at $5bn - An unusual alliance of US and European private equity firms has won the auction to buy Bermuda-based satellite business Intelsat. Europeans Apax and Permira and US firms Apollo Management and Madison Dearborn will pay $3bn for the business and assume $2bn
• $15 Billion European Bank Deal Expected - ONDON, July 25 - Banco Santander Central Hispano agreed on Sunday to buy Abbey National of Britain, in a mostly stock deal worth more than £8.5 billion ($15.6 billion), according to two executives close to the negotiations.
• Boeing says two European carriers to buy 10 7E7s - SEATTLE -- Blue Panorama of Italy and First Choice Airways of the United Kingdom plan to buy 10 Boeing 7E7 passenger jets at terms that remain under negotiation, the manufacturer announced Wednesday.

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