Quebecor World Sells European Operations

first_imgQuebecor’s European operations produce magazines, catalogs, retail inserts, direct mail products and directories. They include 17 printing and related facilities employing approximately 3,500 people in Austria, Belgium, Finland, France, Spain and Sweden.The sale is not subject to the approval of either Quebecor World’s or HHBV’s shareholders. The only condition to closing, according to Quebecor, is court approval. Quebecor World has agreed to sell its European operations to a group of Netherlands-based investors, the Hombergh/De Pundert Group, for more than $200 million. The transaction is expected to close in June.According to Quebecor World CEO Jacques Mallette, the sale is “an important step in our restructuring activities that we believe should enable us to exit creditor protection in North America as a stronger player in our industry.”Earlier this year, Quebecor filed for bankruptcy protection and announced that it had entered into a $1 billion financing deal with Credit Suisse and Morgan Stanley. Under the terms of the acquisition, HHBV has deposited nearly $80 million in escrow to be released to Quebecor once the deal is finalized. HHBV also will assume about $100 million of net debt, and a $33.5 million five-year note bearing interest at 7 percent per year, which will be payable to Quebecor World following finalization of the deal.last_img read more

BSE closes points 13459 up on March 3

first_imgBSE closes points 134.59 up on March 31.4K views00:00 / 00:00- 00:00:0000:00BSE closes points 134.59 up on March 31.4K viewsBusinessNew Delhi, March 3 (ANI): Trading at the Bombay Stock Exchange today closed 134.59 points up to stand at 29,593.73. At the National Stock Exchange the Nifty closed 134.59 points up to stand at 8,996.25. TATA ELXSI LTD. and BHUSHAN STEEL LTD were among the top gainers of Group A with an increase of 20.00% and 15.30% along with IDBI and NATCO PHARMA LTD. with an increase of 10.33% and 9.99% respectively, while the top losers of Group A include EICHER MOTORS LTD. and COAL INDIA with a decrease of 4.46% and 3.98% along with MAHINDRA and MAHINDRA LTD and OBEROI REALTY LTD with a decrease of 3.48% and 2.79% at the close of the markets. The Auto sector is down 171.82 points at 19,753.13 while the banking sector is down 61.57 points at 22,920.15 and the reality sector is down at 21.59 points at 1,794.95. The Indian currency is down 0.04% at Rs 61.89 per dollar.Ventuno Web Player 4.50New Delhi, March 3 (ANI): Trading at the Bombay Stock Exchange today closed 134.59 points up to stand at 29,593.73. At the National Stock Exchange the Nifty closed 134.59 points up to stand at 8,996.25. TATA ELXSI LTD. and BHUSHAN STEEL LTD were among the top gainers of Group A with an increase of 20.00% and 15.30% along with IDBI and NATCO PHARMA LTD. with an increase of 10.33% and 9.99% respectively, while the top losers of Group A include EICHER MOTORS LTD. and COAL INDIA with a decrease of 4.46% and 3.98% along with MAHINDRA and MAHINDRA LTD and OBEROI REALTY LTD with a decrease of 3.48% and 2.79% at the close of the markets. The Auto sector is down 171.82 points at 19,753.13 while the banking sector is down 61.57 points at 22,920.15 and the reality sector is down at 21.59 points at 1,794.95. The Indian currency is down 0.04% at Rs 61.89 per dollar.last_img read more

From a movement to a political party

first_imgWouldn’t it be nice to know more about the journey of the Chief Minister from an IIT student to a political leader and youth icon that led to the birth of a new political party? Bloomsbury India launched the book ‘Arvind Kejriwal and the Aam Aadmi Party: An Inside Look’ in the presence of the author, Pran Kurup, and the Chief Minister of New Delhi, Arvind Kejriwal at the national Capital recently. The event was also presided over by Deputy CM, Manish Sisodia who unveiled the book. Also Read – ‘Playing Jojo was emotionally exhausting’The book provides a fresh and unique perspective on Arvind Kejriwal and the Aam Aadmi party (AAP) through keen observations and first-hand insights of an active AAP volunteer and close personal friend of Kejriwal from his undergraduate days at IIT Kharagpur. The book ultimately looks at the aftermath of AAP’s most recent power struggle, and the road ahead for AAP and its role in Indian politics.At the event, Arvind Kejriwal, said, “I am very happy to be at the launch of this book. Pran is a dear friend and a steadfast believer in AAP and my work over the years. I am happy to be here in the presence of my supporters and well-wishers at the launch of this book which is an excellent chronicle of AAP’s journey to bring politics back to our people. A keen observer of events with impressive analytical abilities Pran has been able to look at AAP’s journey through a lens of objectivity, providing his own perspective and suggestions for improvement at the same time. I wish him the very best.” Also Read – Leslie doing new comedy special with NetflixPran Kurup, author, added, “This is a book for people across the world hungering to know more about Arvind Kejriwal, Aam Aadmi Party (AAP), and their meteoric rise in Indian politics. My book shows the true nature of Arvind and AAP, which is to have faith and inspire people into believing that they can do whatever they set their sights on, which is reflective of the young start-up culture our country is witnessing today. Startups are about faith and belief. Arvind has managed over the years to instill this belief and faith in scores of young men and women who play a critical role in both the party and in governance” Rajiv Beri, Managing Director, Bloomsbury India, said, “This book is one of the first few titles we have published in our strategic push towards bringing political and contemporary books to the market.”The launch also included a panel discussion between Pran Kurup, Raghav Chadha, Spokesperson and Treasurer of Delhi Unit of AAP; Ashutosh, journalist-turned-politician and spokesperson of AAP; and Dilip Pandey, Convenor of the Delhi Unit of AAP that gave the audience insights into the past, present and future of the Aam Aadmi Party. The discussion touched upon a variety of topics including the act of writing a book about a friend, the importance of objectivity while doing so and the turn of events in 2014. The session was moderated by Abhinandan Sekhri, Co-founder and CEO, Newslaundry.last_img read more

Fish trader shot dead in Howrah

first_imgKolkata: A fish trader was shot dead by a few miscreants in Howrah on the wee hours of Friday.According to sources, the deceased fish trader identified as Tarak Bhuniya, used to sell fish at Parbati Bazar near Bose Para in Byantra. He used to buy fish from the Howrah wholesale fish market. Like other days, Bhuniya was going to the Howrah fish market to buy fish on his bicycle, on Friday at around 4 am. When he was crossing the Bankim Setu over Howrah railway station, a few miscreants surrounded him and tried to snatch away the bag containing money. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: MamataWhen Bhuniya tried to resist, the miscreants fired multiple bullets at him. Two bullets penetrated his abdomen and chest and he fell on the road, bleeding profusely. Hearing his screams, some local residents ran to his rescue. Seeing them, the miscreants fled from the spot. Bhuniya was rushed to Howrah District Hospital, where he revealed his identity. However, a few minutes later, he succumbed to his injuries at the hospital. The hospital authorities immediately informed Golabari police station. Also Read – Lightning kills 8, injures 16 in stateSources informed that there is a CCTV camera installed near the murder spot. In the footage collected from it, the miscreants were seen firing at Bhuniya. Police claimed that the killers have been identified and will be behind bars soon. However, till Friday night no one has been arrested. Though police are claiming that the miscreants have been identified, the motive behind the murder is still not clear. Sleuths suspect that Bhuniya might have had some business rivalry with someone, or it could have been a case of snatching money, where the miscreants shot Bhuniya because they were resisted. Sleuths are also checking to know if he has any family problem as police came to know that he had got married twice and both of Bhuniya’s wives are alive.last_img read more