PARIS (Reuters) – The chief executive of French telecoms company Orange said he did not see at present opportunities for large pan-European mergers and ruled out buying a stake in media group Vivendi, according to remarks published on Thursday.
French and German leaders have for years called for the creation of “European champions” such as Airbus to capitalize on the strengths of Europe’s single market and create the scale needed to compete with U.S. and Asian rivals.
Comments - Stephane - Richard - Investors - Merger
The comments by Stephane Richard come after investors welcomed a merger of the rail businesses of Germany’s Siemens and France’s Alstom, billed as creating a European champion.
“I looked at all possibilities, both of...
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