Involved in the syndicate are Banco Sabadell, Barclays Capital, BNP Paribas, Fortis Bank, HSBC Bank, Santander and Société Générale Corporate & Investment Banking, although a total of 22 financial institutions participated in the operation.
Port authority workers in Marseilles finally ended their two week strike and it has been confirmed that port director Eric Brassart is to be replaced. Ordered on ‘leave’ and apparently instructed not to get involved in further negotiations with the unions, Brassart is widely credited with injecting commercial vigour into the port during his eight-year tenure. The strike ended on the understanding both sides would further discuss grievances over the placing of certain port services in private hands.
