Published 09/06/2014 | 02:30
Sunday Independent - DECLAN Ganley's Rivada Networks communications firm has been valued at over $500m (€367m) by US financiers as it prepared to raise $7m in funding. Mr Ganley owns almost half the company. But he has ruled out the sale of Rivada despite approaches from possible buyers.
SUNDAY BUSINESS POST
THE European Commission is expected to launch a formal probe this week into the tax arrangements between the Irish government and US tech giant Apple. The investigation will examine whether the way Apple paid tax in Ireland constitutes illegal state aid. The EC is expected to launch investigations into tax affairs of multinationals in other EU countries.
NAMA is preparing to put a €100m-plus portfolio of retail parks up for sale. The assets include the first phase of The Park, which is located in Carrickmines, Dublin. The portfolio, which is expected to be on the market by next month, also includes the M1 Drogheda in Co Louth; Poppyfield in Clonmel, Co Tipperary; Lakepoint in Mullingar, Co Westmeath; and the Four Lakes retail park in Carlow.
LE JOURNAL DU DIMANCHE
FRANCE will cut €1.6bn in central government spending and save €2.2bn on social security to contain budget deficit and finance already-announced tax cuts for companies and some households. French premier Manuel Valls is due to present a supplementary budget for central government and the social security system.
THE head of Spain's state-owned airport operator, AENA, has said the company could "easily" be worth €16bn. Jose Manuel Vargas said that the airport operator generated earnings before interest, tax, depreciation and amortisation of €1.6bn last year and that its debt stood at €11bn.
BRITAIN'S largest mobile operator, EE, is poised to pull out of its relationship with Carphone Warehouse in a move that threatens the retailer's £3.6bn (€4.4bn) merger with Dixons. EE is due to finalise a review of its consumer retail strategy within weeks, with a complete withdrawal from Carphone Warehouse on the cards.