Sunday, April 18, 1999
AAPT board meet to consider C&W bid
Australian telecommunications group AAPT Ltd said that its chairman had advised shareholders not to act on a A$1.5 billion takeover bid by Cable & Wireless Optus Ltd.
EC raids Renault over sales practices
In a new show of force against the auto industry, the European Commission has raided France's Renault for allegedly telling its Irish distributor not to sell new cars to British residents, EU sources said.
British retailer Kingfisher may take over Asda
British retailer Kingfisher Plc said it was in talks to take over supermarket chain Asda Plc in a deal to create a European giant with annual sales of some 19 billion pounds ($30.50 billion).
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