- Chesapeake Energy Corp has hired Robert Douglas Lawler of rival Anadarko Petroleum Corp as chief executive, filling the post vacated by co-founder Aubrey McClendon, the Wall Street Journal reported, citing people familiar with the matter.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
C.Agricole to sell 5.2 percent of Spain's Bankinter
PARIS (Reuters) - French bank Credit Agricole (CAGR.PA) said on Thursday that it planned to cut its 15.1 percent stake in Spain's Bankinter (BKT.MC) by about a third.
The bank will own about 9.9 percent of the Spanish lender once it has sold the 29.3 million shares, Credit Agricole said in a statement.
"This offering is a private placement to institutional investors, as part of an accelerated bookbuilding process," the French bank said.
Bankinter posted a 31 percent drop in 2012 net profit earlier on Thursday and warned that its bad loans could hit 5 percent of total loans this year, up from 4.28 percent at the end of 2012.
(Reporting by James Regan; editing by Mark John)
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