Posts Tagged ‘money’

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Facebook raises $ 1.5 billion

Sunday, January 23rd, 2011

Rumors say so true. Facebook, the community site that boasts more than 500 million active members, confirmed in a statement increased its capital by 1.5 billion dollars (1.1 billion euros), which was made on the basis a recovery group of about 50 billion dollars (36.7 billion euros). The investment bank Goldman Sachs has coordinated the operation.

As stated in Facebook, the transaction was done in two stages: first, last December, the shareholder of Facebook Digital Sky Technologies (DST), together with Goldman Sachs and a fund managed by Goldman Sachs, invested $ 500 million in common shares. Then an offer was oversubscribed to customers outside the United States of Goldman Sachs, in a fund that has invested $ 1 billion in common shares.

Facebook wants to reinforce its dominant position

The direction of Facebook is evasive about the use being made of that sum. "Our business continues to perform well and we are pleased to strengthen our cash with this new financing, says CFO David Ebersman. We now have greater financial flexibility that will allow us to explore any opportunities that we will be offered. In a statement, Facebook said also to have no "immediate plans" to use this sum but will continue to "expand its operations."

According to observers, the group will seek to strengthen its position in obtaining advertising revenue against direct competitors such as Google and Yahoo.

More financial information in 2012

In addition, the site of Mark Zuckerberg should start to publish financial accounts at the latest by April 30, 2012, which can be interpreted as a first step toward an IPO. At this level of valuation, Moreover, this is one of the most important marketed in the technology sector of the U.S. stock market history.

Facebook is anyway back to the wall. U.S. authorities require a company to disclose certain financial items as soon as its number of shareholders exceeds the threshold of 499. Now in its news release, the community site announcement that it should exceed the 500 shareholders "in the course of the year."

According to a document distributed by Goldman Sachs to potential investors, Facebook has posted a net profit of 355 million dollars (260 million euros) over the first nine months of the year on a turnover $ 1.2 billion.

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Inflates a speculative bubble on social networks

Wednesday, December 29th, 2010

It's a modern gold rush. Investors worldwide seek to take advantage of incredible success of social networks like Facebook and Twitter. The latter are not publicly traded, a gray market has been organized on platforms such as online or Sharespost SecondMarket to bring together investors and shareholders eager opportunists. At stake, a price surge in valuations two to three times higher than official estimates and a growing concern for start-ups that are so subject to these intense exchanges.

In effect, pending a hypothetical IPO of Facebook or Twitter, these platforms are the only way for outside investors to access capital rising stars of the Web, like social networks Facebook, LinkedIn and Twitter, or successful application vendors like RockYou and Zynga.These platforms also enable existing shareholders of a site to reinforce their presence. This was the case of Russian DST Global Fund, which has acquired 100 million shares on Facebook gray market to complement its investment of $ 200 million made at a fundraiser.

The shares are made available by former employees or investors of the first hour wishing to recover a little liquidity. SharesPost on a potential buyer and find "lots" of 1000 or 1500 shares offered Facebook between 25 and 38 dollars apiece, valuing the social network between U.S. 57 and $ 86 billion! The average valuation of Facebook rises, it at $ 42.3 billion. It thus remains even more "affordable" units to afford the microblogging site Twitter, whose shares are being priced between 20 and 24 dollars.The platform, valued at $ 3.7 billion during its last fundraising in December, saw its value increase to $ 5.4 billion.

Investigation of stock market watchdog

Transferred to high price, those shares are nevertheless lessee as the dazzling success of these start-up attracts bankers in Silicon Valley. In one year, Facebook has recruited more than 200 million members and over 550 million today. Its revenues could reach $ 2 billion in 2010, before the development of virtual goods market further boosts its business in 2011. Advantage of lower, Twitter announced that it has attracted 100 million new members and is, too, the focus on income.

Transactions on the gray market has boomed and parallel to that of Facebook, Twitter and other Zynga this year. SharesPost on, their number has tripled in one year.SecondMarket on nearly 400 million were traded in 2010, according to the Wall Street Journal, which is four times more than a year ago.

The intensity of trade has obviously aroused the curiosity of Constable American Stock Exchange, the Securities and Exchange Commission (SEC). The New York Times, the SEC had issued requests for information by actors in the parallel market. Its rules already provides that a private company should not have more than 500 shareholders and buyers and sellers have the same information on the valuation of a company. Fearing the leak of confidential information, Facebook has adopted rules of procedure in the spring to oversee the sale of its shares on the gray market.

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Greek growth: IMF worst

Saturday, December 18th, 2010

The Greek economy is doing less well than hoped the International Monetary Fund (IMF). The organization led by Dominique Strauss-Kahn said Friday night that revalued downward its growth forecasts for Greece in 2011. While she has just released the third tranche of the loan in May of a $ 2.5 billion, it now expects a decline of 3% of GDP next year, against 2.5% previously. And in 2010, GDP should have declined by 4.2% against 4% so far, said the international organization. Submitted by the IMF and the European Union to a drastic austerity plan, the Greek business should not move upward "before the end of 2011."

Some factors may even help to slow further this dynamic.The IMF is particularly concerned that a stronger contraction of domestic demand, or a contagion from other countries in the periphery of the eurozone, are not counter the efforts implemented by the government to redress its finances public. To the credit of Greece, the international organization, however, cites a declining inflation, and a COMPETITIVENESS being improved.

Elongation of the Greek debt

Weak growth is likely to undermine the country's repayment capacity. The IMF and the European Union had in fact committed last May to lend 110 billion euros to Greece, then subjected to astronomical levels if it wanted to borrow on the markets. This amount was to be repaid from 2014 to 2015. But as early as last October, Dominique Strauss-Kahn tried to prepare markets for a possible rescheduling of debt Greek.And now trying to convince the European Union, which funds 80 billion on 110 billion, to consent to such extension. On Friday, a European minister questioned even in the margins of the EU summit on the mediterranean country's ability to repay its debt someday.

Despite these difficulties, the IMF on Friday expressed satisfaction with the measures already taken by the Greek government to reduce its deficit to 7.4% of GDP in 2011. "The program supported by the Fund continues to have good results, and we must congratulate the Greek authorities for their determined implementation of macroeconomic policies and structural reforms difficult and challenging," said assistant general manager of the Fund, Murilo Portugal.However, the IMF considers that "given the weakness of public sector and the appreciation of investors still negative, comprehensive reforms undertaken at the right time and are still essential" to implement.

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Google and Apple are back Microsoft

Saturday, November 20th, 2010

The French are rebels. The program most used in the world to surf the Web, Internet Explorer, falling sharply in France. According to a study published by the firm AT Internet about the use of browsers, a user just two in France still uses Internet Explorer, Microsoft's software. The latter no longer holds a market share of 50.6% in France, down ten points in one year. The trend is similar in other European countries. Internet Explorer continues to be employed by the British 59.1%, 59.7% and 60.5% of Italians and Spaniards. But, again, the trend is downwards: its share fell to 51.5% against 61.2% in October 2009.

This decline reflects the growing power of the software "Google Chrome on the rise in Europe," said research firm.On average, the Internet browser from Google has recorded "a gain of 5.8 percentage points between October 2009 and October 2010. As a result, "Google Chrome strengthens its third position over Safari," said AT Internet. The Safari browser offered by Apple in its computers and mobile devices (iPod Touch, iPhone and iPad) earns points, to 6.7%.

Latest industry heavyweight, Firefox, proposed by the Mozilla Foundation, "remains the most worrisome competitor for the leader," said research firm. The share of Firefox reached 30% on the Old Continent, up 1.4 points year on year. Even the software of the Norwegian company Opera Software ASA Opera earns points.This means that Firefox-Mozilla, Google Chrome, Opera and Apple Safari are tough to browser the Redmond company.

Brussels fine

But in the early 2000s, Microsoft had ousted its rival Netscape's market and was awarded 80% market share. Unquestionably a dominant position. This had triggered the wrath of the authorities of U.S. and European competition. A long conflict which ended in victory for Brussels has imposed a fine of almost 900 million euros in two phases 2004 and 2008. Better still, the EU has forced Microsoft to open up the browser market to competition. A few years later, this approach bears fruit.

However, if Internet Explorer back in Europe, it is widely used in the U.S. and Asia.In these areas, Internet Explorer gets a better grade on the International Old Continent, with a global market share of 60.4%, according to Net Applications.

To find the tone, Microsoft has launched mid-September, the ninth version of its browser, dubbed IE9. The performance of the program were hailed by experts.

Microsoft is being attacked from all sides. After losing positions in mobile and Internet browsing, the U.S. software giant would see its last stronghold stormed. Because Google Chrome will soon launch OS, an operating system for computer that will shake the famous Windows software that team still 90% of PCs worldwide.

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Businesswomen's most powerful

Thursday, November 18th, 2010

According to Forbes in October, the Financial Times ranking of his book's most powerful women on the planet. The business daily meanwhile confined its scope, as every year, to the sphere of business. 50 women entrepreneurs from top flight were handpicked and classified according to criteria chosen by the FT: The size and performance of the company they run, the economic environment and the degree of competitiveness of their sector, some biographical … Finally, the 2010 vintage of women in business in the most powerful "women at the top" – gives pride to Americans, who captured 19 seats.After the Indian Indra Nooy, CEO of PepsiCo, which monopolizes the top of the list for the second consecutive year, American Andrea Jung, Avon cosmetics patroness of, rises in second place.

The Chinese operate a breakthrough

Only 10 seats expire in contrast to Europeans, including French Lauvergeon Anne, patron saint of Areva, is the first representative in 15th place payday loan. If the Financial Times does not comment on this small selection, he stressed that his classification reflects the breakthrough of China on the world stage, with five women in these rankings, one (Dong Mingzhu, President and CEO of the Chinese company Gree Electric) fifth place.

An annual ranking of which justifies the economic daily existence by the need to fuel the debate about women's place in the sphere of business."When the gender balance at this level of governance will be more fair to point the finger at the leaders of successful companies at the top level will be worth full to be mentioned. When that time comes, we will be the first to congratulate them, "says the editor.

"The first five businesswomen in pictures:

.

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The U.S. employment creates the surprise

Saturday, November 6th, 2010

Three days after the midterm elections, U.S. employment surprise. The United States has created 151,000 jobs in October, according to figures from the Labor Department. This is more than double what economists predicted (60,000). The unemployment rate, calculated on a different basis, is itself remained stable at 9.6%. Its highest level in a generation.

These figures are "encouraging," responded the president Barack Obama. "But this is not satisfactory. The unemployment rate is still unacceptably high. " He also said he was "open to any idea" to accelerate growth. The dollar rebounded against the euro after the publication of these statistics.

The Labor Department on the other hand lowered the number of job losses in September, to 41,000 against 95,000 initially announced. Since December 2009, 874,000 jobs were created in the United States.

"The best short story …

"These statistics are the best news we've seen on the U.S. economy from a long, long time," welcomed Brian Jones, an economist at Societe Generale CIB.

In October, private enterprises have created 159 jobs overnight pay day loans.000, against 107,000 the previous month. Services mainly from these figures, creating 154,000 jobs. The industry continues to suffer, destroying 2000. Since December 2009, the private sector created 1.1 million jobs.

The public sector has its share positions destroyed in October 9000, against 159,000 the previous month. At the start, the figures had been sealed by the non-renewal of contracts of public teachers.

Some negative signals

Some signals, however, blur the positive message sent by the data of October."The continued increase in the number of temporary workers in services may well reflect a reluctance of businesses to create sustainable jobs," warns Julian Thomas, an economist at Natixis. And "the broadest measure of unemployment remains around 17%."

The number of part-time jobs fell by 318,000 suffered, "partially offsetting the large increases in previous months," says the Labor Department. In contrast, the discouraged unemployed who have given up looking for employment increased by 411,000 from October 2009. The number of long-term unemployed has increased it to 200,000 in one year.

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The CAC 40 declined slightly

Tuesday, October 19th, 2010

The CAC 40 moves upward slowly but surely the psychological threshold of 3800 points. However, this Tuesday, the Paris index opens down slightly from 0.15% to 3828.75 points, despite the close up on Wall Street, supported by good results from Citigroup, Apple or IBM. But industrial output unexpectedly fell and Asian stock markets move in a disorganized Tuesday morning.

On other European exchanges, London was down 0.34% to 5,723.30 points and Frankfurt lost 0.13% to 6508.36 points.

On the macroeconomic front, the number of start-ups in September will be announced at 8:45 by the National Institute of Statistics and Economic Studies. The European Central Bank will present the balance of payments of the euro area (10 hours). Around 14 o'clock, the European Commission in Brussels will present proposals on reforming the EU budget.The idea of a European tax could be revived.

In the U.S., one indicator is on the agenda this Tuesday: the housing starts and building permits in September (1430).

On the currency markets, the euro remains below the $ 1.40 to precisely 1.3903 (-0.44%).

Computers and power abused

As for values, energy companies are abused. Total lost 0.91% to 39.17 euros after France began to dip into its oil stocks to compensate for disruptions in fuel supplies caused by strikes at refineries, including those of Total.

After the publication of results from Apple and IBM, Cap Gemini was down 1.25% to 37.49 euros, STMicroelectronics lost 0.26% to 5.67 euros.

Following the results of Citigroup, the banking stocks are operating in an uncoordinated: BNP Paribas advance of 0.17% to 52.09 euros, but Societe Generale loose 0.24% to 42.26 euros and Credit Agricole dropped 0, 21% to 11.64 euros.

Axa shows the largest increase in CAC 40 -1.45% to 13.64 euros, before Cap Gemini and Veolia Environnement (-0.91% to 20.11 euros).

Conversely, ArcelorMittal (+0.60% at 25.13 euros), Alstom (+0.19% at 36.17 euros) and Schneider Electric (+0.15% to EUR 102) are the highest increases ACC 40.

PSA and BMW are expanding their cooperation in hybrids

Montaigne Fashion Group: 42.42% to 0.47 euros

Stock quotation Montaigne Fashion Group, which was suspended Thursday, resumed on Tuesday morning, "at the demand of society" and after validation of the bankruptcy plan, said NYSE Euronext, the operator of the Paris Bourse in a contract notice.

Orpea: 3.19% at 35.06 euros

The group homes and private clinics Orpea announced Tuesday it had signed a memorandum of agreement to repurchase 4,866 beds in Europe for $ 129 million.

Soitec: 1.47% to 7.59 euros

Soitec said Monday expect a net operating profit on the entire first half of 2010-2011, following a sustained demand in the second quarter from the automakers and manufacturers of mobile phones.

Guyenne et Gascogne: 1.44% to 80.49 euros

Guyenne et Gascogne reported Monday in a persistently sluggish consumption for the third quarter, although its network of French supermarkets pulled out of the game quick guaranteed personal loans. The franchisee of Carrefour believes that its Spanish subsidiary will release for its "no major problem" of the recent crisis.

Transgene: 1.07% to EUR 16

Transgene Monday issued a turnover in nine months by 11.1 million euros.The biotechnology company, which states have a cash of about 194 million euros at end September, confirming it was on track to bring to market its first product in 2015.

Havas: 0.60% to 3.71 euros

Havas reported Monday in an acceleration of its business in the third quarter thanks to a rebound in France and a return to positive growth in the Asia Pacific for the good performance of China and India.

April Group: +0.25% to 22.10 euros

April Group on Monday issued a revenue decline in the first nine months of the year, hit by weakness in the segment of insurance.Sales of the insurer are listed down 9.8% to 556.5 million euros.

Peugeot: +0.11% at 27.56 euros

PSA Peugeot Citroën and BMW announced Monday night that they would extend their cooperation in hybrid vehicles but did not disclose financial details. Renault gained 0.22% to 39.26 euros.

Compagnie des Alpes: 0.05% to 21.32 euros

Compagnie des Alpes announced Monday that it would take an approximate 45% stake in the Futuroscope, for 63 million euros, becoming the largest shareholder in the third largest leisure park in France.

Aeroports de Paris: -0.02% to 62.04 euros

Aeroports de Paris said Monday it posted a 5.2% increase in passenger traffic in September, driven mainly by flights in association with the Middle East and Africa.

EDF: -0.10% to 31.08 euros

Daniel Camus, a member of the Board of Constellation Energy Group, has resigned his directorship. This decision will take effect Oct. 21. To replace him, EDF International (EDF) on Tuesday named Samuel Minzberg, partner in the Montreal office of Davies Ward Phillips & Vineberg LLP.

Technip: -0.66% to 61.86 euros

Technip won a contract with ExxonMobil on behalf of Marine Well Containment Company, to design an emergency response system used to contain an oil spill that would occur in the Gulf of Mexico.

Steria: -5.79% to 21.80 euros

Steria has revised its annual goals down on Monday night, relying on organic growth in sales of around 1% in 2010 against an earlier indication of 1.4%.Services company in computer engineering is now targeting an operating margin of around 7% this year, against 7.3% previously.

Results: the turn of Radiall Edenred and Pierre et Vacances

Cellectis: balance of 7.50 euros

Cellectis has signed, through its subsidiary Cellectis Plant Sciences, a license agreement with Midwest Oliseeds for the plant transformation technology of the American.

Radiall, before trading, and Edenred, after market, will publish their turnover for the third quarter. Pierre et Vacances will present the fourth quarter after-hours trading.

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Next week looks even stirred

Monday, October 18th, 2010

A new day – the sixth since the beginning – of demonstrations and strikes is scheduled next Tuesday, October 19. The day before the vote by the Senate of the text on the pension reform.

Laurent Fabius said Sunday that the planned day of action Tuesday against the pension reform would be "the most important day" and called for dialogue to find a solution "while a number of PS Martine Aubry, CGT Bernard Thibault and CFDT Francois Chereque asked the Senate to suspend the debate.

For its part, the government remains firm. This Sunday, Bruno Navy, French Minister of Agriculture said on Europe 1 radio that "reform is in the hands of the Senate." If he "wants to add one point or another, a concession or another in the coming days is for senators to decide (…). There are sacrosanct rules and limits that we do not cross it.The two terminals, it is the age measures. "

• SNCF

SNCF has not yet said whether she was driving his strike Monday, but the French expect. This Sunday, the CGT has counted 26.55% of strikers in the movement against pensions, while management has not provided figures. Saturday late morning, the strike rate was 25.4%, down three points from the previous day.

This weekend, the disturbances are as expected including 2Two three TGV on the Paris-province relations, traffic eased in the south because of local difficulties, and a two Transilien and TER.

The station must provide its Sunday night traffic forecast for Monday.

• RATP (Paris Metro)

This Sunday, the RATP reported a normal or near normal traffic on the networks: Metro, Bus, Tram and RER A (area RATP).

On the RER B, disturbances persist. Especially between North Station and Robinso / Saint-Rémy-lès-Chevreuse, where three out of four trains are delivered.

Note that connections with the SNCF at Gare du Nord is not assured.

• Air transportation

Planes taking off from Roissy Charles de Gaulle should finally missed kerosene early next week. The pipeline that supplies the airport in Paris is back in service.

According to the Secretary of State for Transport, Dominique Bussereau, there is "no more concern" for the supply of the Paris airports, and what "indefinitely".

CGT denounced a "violation of the right to strike" cash advance in one hour.

• Road

While specific measures have been implemented throughout the weekend, the movement of the road is expected to go up a notch next week.Sector unions call for employees to vote as of Monday morning on further actions, including possible strikes.

"We will increase inter-union from Monday to decide on actions," he said, adding that "next week will be decisive." "We must expand the actions and participate in demonstrations Tuesday", also called Saturday the CGT federation Transport.

• Gasoline

Bussereau said that nearly 200 service stations in France were "embarrassed" this Sunday, but "no" was short of fuel.Note that there are between 12,500 and 13,000 points of distribution of gasoline in France.

Christine Lagarde, economy minister, has reiterated that she should not panic, "there is no shortage of gasoline, there are stocks for several weeks."

Given the risk of gas shortage, the French are in fact rushed to the pumps, some even filling gas cans as a precaution. Result, fuel sales jumped 50% in recent days.

• High Schools

After the day of action on Tuesday in which more than 350 schools were disrupted, the student movement had yet seemed out of breath: only 135 schools were experiencing difficulties Wednesday. But since Thursday and the call for mobilization of the National Union lycéenene (UNL), the movement has regained strength.

Saturday, few schools have been disrupted.But next week promises to be heckled.

"We count the days until the holidays of All Saints. When the students return, the reform has been passed, "said one minister. "This week, it was mild and bright sunshine. Next week it will be cold and gray, still welcomes it.

This Saturday, October 16 was attended by between 825,000 (Interior Ministry) and three million protesters (unions) in the streets of France. Mobilization less than that of last Tuesday (between 1.23 and 3.5 million French) but almost identical to that of Saturday, October 2.

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Nicolas Sarkozy wants to reform the tax system in 2011

Wednesday, October 13th, 2010

If 2010 is the year of the pension reform, in 2011 she will be that of tax reform? In any case, what emerges from the meeting of UMP deputies on Tuesday: "Nicolas Sarkozy is considering a supplementary budget in June 2011 to reform the taxation of wealth," said some of them out of their lunch as president.

An announcement comes days after tensions within the majority on the subject. 117 UMP deputies (there are 314 in all) have in fact co-authored an amendment to the draft budget law calling for the simultaneous removal, from 2011, the tax shield and the solidarity tax on wealth (ISF) in exchange for inflating taxes on unearned income and creating a new installment of taxes on income with a rate of 46%.

The government was caught short by the sling.The slogan, Government side, was first pointed out that there was no question of touching the tax shield. Well, not right away. Baroin, the budget minister described the initiative amendment calling for a debate that is not new. " "It is assumed that next year, first semester, we will face the global reflection" on Taxation.

Christine Lagarde and estimate that "the principle that a taxpayer pays no more than 50% of taxes is a good principle." Before nuance: "The principle is the fiscal convergence with Germany, where there is no tax shield, or ISF.

In 2009, the shield has benefited Internet Payday loans.764 to 18 and cost 679 million euros.

Tax reform "general"

What woman he may be, we can expect another year of great social movements.The approach should again be done in two stages, as has prevailed for pension reform: preparing public opinion, and then reform.

According to the chairman of the Social Affairs Committee of the Assembly, Pierre Mehaignerie, a supplementary budget on tax matters will be held in June 2011. "The idea is that we have a good debate and decisions on the taxation of wealth at the horizon of a supplementary budget at the end of spring," said UMP deputy Herve Mariton. "We are well on the idea of decisions before the summer of 2011," he said.

"If you want to ask the question of taxation, it must do so by not being afraid to approach it as part of a broader reform," said essentially the head of state, cited by MP "Villepin Marie-Anne Montchamp.

Thus, the fiscal strategy will debate "on the shield, the ISF, capital gains and real estate, the income tax. Whole tax system. "

The Head of State has however stressed that the amendment to the draft 2011 budget signed by the 117 UMP deputies could not be voted at the next budget debate, said the latter.

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GDF Suez turns his back on the EPR Penly

Friday, September 24th, 2010

The answer came quickly. Unveiled just before the summer, the report Roussely, devoted to the optimization of the French nuclear industry, did virtually no mention of GDF Suez. Even as the group headed by Gerard Mestrallet, eager to become an international benchmark in the field, wanted to be directly associated with the operation of a reactor in France.

In mid-September, the chairman of GDF Suez has written to Prime Minister and say that the group was withdrawing the draft Penly (Seine-Maritime), concerning the implementation of a second EPR – the third reactor generation – in France. A letter found by Les Echos, and therefore indicates that GDF Suez has learned all the lessons of the report Roussely.

Even before the findings of the latter's hold on the proposed EDF Penly was widely proven.Not only the electrician has a majority of the company responsible for overseeing the site (against 25% initially to GDF Suez), but more importantly, it is expected that he and he alone is responsible for operating the new facility. As Flamanville (Manche), which is currently building the prototype of the EPR. But Mestrallet not intended to be confined to a single investor role. In his eyes, when GDF Suez was associated with the project Penly is first and foremost from the perspective of an operational learning of the EPR.

However, this withdrawal does not mean, far from it, that GDF Suez disclaims any ambitions in the nuclear. Including France, where the group earlier this year, has formalized its commitment to build a medium-power reactor, the TDD, in cooperation with Areva and Mitsubishi. Land in the Rhone valley has already been reserved in this direction.Although, again, it will not be easy to convince the government to entrust such a facility to another energy company EDF fast cash now.

A stir

As for the international GDF Suez boasts several target countries in nuclear energy. In Romania, including the French group is part of a consortium whose candidacy is based on a Canadian reactor. In the United Kingdom, where GDF Suez is associated with Spain's Iberdrola and British SBS, for the construction of a reactor.Finally, in Italy, the French signed a memorandum of understanding with the German E. ON

Aside from nuclear strategy GDF Suez, the withdrawal comes Penly also cast a shadow on the additional planned development of this second generation reactor on French soil.

The report Roussely had thrown a cat among the pigeons by announcing that it was urgent to wait before launching such a project. "It is imperative to conduct a feedback sites Olkiluoto, Flamanville 3 and Taishan (China), before starting the actual construction of Penly 3", writes the rapporteur.

For its part, the General Staff of EDF is not an inveterate supporter of the EPR. He not only wants to diversify its range of engines, even working with partners in China and Russia, but his willingness to exploit Penly solo reason is to keep absolute control of the calendar.So to start if the need is absolutely feel. In theory, it is expected that the construction of the EPR Penly starts in 2012 for commissioning in 2017.

Thursday, interrogated, or GDF Suez, EDF have not made any comment. While in the entourage of the latter, it was not moved by the defection of GDF Suez. Many electricians who regularly expressed their willingness to be involved in development projects in the future reactor.

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