EHY & EM News

1. CAMPOFRIO: shares suspended by Spanish Regulator (12/09)
2. CGG lands USD80m seismic acquisition contracts (12/09)
3. FAURENCIA confirms plans for a new facility in Simpsonville (12/09)
4. HAPAG-LLOYD welcomes EU approval for transaction with CSAV (12/09)
5. LIBERTY GLOBAL: Vodafone could bid for Liberty Global after next year (12/09)
6. PHONE4U: Ratings lowered after Vodafone ends network agreement (12/09)

1. CAMPOFRIO: shares suspended by Spanish Regulator (12/09)
Spain market regulator CNMV suspended trading in Campofrio shares from 15 September. Suspension to continue until shares definitively excluded from trading.
Source: Market Sources

2. CGG lands USD80m seismic acquisition contracts (12/09)
CGG announced that the company has been awarded contracts for the 3D seismic acquisition of four major surveys using its BroadSeis with BroadSource, marine broadband technology. The four surveys represent a total contract value of over $80m.
Source: Rig Zone

3. FAURENCIA confirms plans for a new facility in Simpsonville (12/09)
Faurencia confirmed its plans for a new facility in Simpsonville. The company will spend about $19m on the 122,000 square-foot production facility.
Source: Buisness First

4. HAPAG-LLOYD welcomes EU approval for transaction with CSAV (12/09)
Hapag-Lloyd welcomes the approval under European Union merger regulations for the planned integration of the container shipping activities of Compañia Sud Americana de Vapores (CSAV) into Hapag-Lloyd.
The transaction will create the fourth largest container shipping company in the world, with some 200 vessels, an annual transport volume of 7.5m TEU and a combined turnover of approximately €9bn.
Source: Company Report

5. LIBERTY GLOBAL: Vodafone could bid for Liberty Global after next year (12/09)
Vodafone CEO, Vittorio Colao, told Bloomberg that he would consider acquiring cable giant Liberty Global if the price was right. Speaking at a Goldman Sachs presentation, the CEO said Vodafone could consider a transformational M&A deal in the future. Liberty Global is currently buying Ziggo in the Netherlands.
Calao said Vodafone would be in a stronger position to take part in M&A after it completes its €19bn Project Spring Investment strategy through March 2016.
Source: Telecompaper

6. PHONE4U: Ratings lowered after Vodafone ends network agreement (12/09)
Moody’s cuts ratings of Phosphorus Holdco to Caa1 from B3 following 1 Sept. announcement that network agreement with Vodafone will not be renewed, according to an e-mailed statement from rating company.
Vodafone’s actions “bring into question the previous assumption that the company would remain an important outlet for mobile network operators partners:” Moody’s
• £430m senior secured bond due 2018 downgraded to Caa1 from B3
• £205m PIK toggle notes due 2019 downgraded to Caa3 from Caa2
• £125m revolver due 2017 downgraded to B1 from Ba3
Source: Bloomberg, Moody\'s