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The Amsterdam talks could also provide Saikawa with an opportunity to convince Renault executives of the gravity of Ghosn’s alleged misconduct, discovered during an in-house investigation by the Japanese automaker. Top managers from across the alliance will be present for scheduled monthly operational sessions. The broader meetings will discuss difficulties that have arisen within some alliance vehicle and powertrain programs since the scandal erupted, one source said handmade cufflinks uk online. Renault directors were briefed last week on the Nissan investigation that led to Ghosn’s arrest but reiterated their earlier decision to keep him in office as the French carmaker’s chairman and CEO, while temporarily delegating his executive role to Bollore..
But the Renault board has yet to be given direct access to Nissan’s findings, which are being closely held by Renault lawyers answering to Ghosn’s long-standing chief of staff and head of legal affairs at Renault, Mouna Sepehri. “We understand that the raw details of the misconduct have yet to reach each of Renault’s board members,” Saikawa said on Monday after Nissan directors rebuffed the shareholder meeting demand. “We hope the board will listen to our explanation.” handmade cufflinks uk online.
LONDON/NEW YORK (Reuters) – Britain’s BP has launched the sale of U.S handmade cufflinks uk online. oil and gas onshore assets that could raise more than $3 billion to help pay for other fields in the United States it bought in October from BHP (BHP.AX), industry and banking sources said. The sale proceeds will partly fund the $10.5 billion acquisition of BHP’s onshore assets that are mostly around oil-producing fields in Texas and Louisiana. BP had said it would sell $5 billion to $6 billion to finance the deal..
The London-listed firm wants to focus on production from its holdings in the Permian and Eagle Ford basins to match rivals Exxon Mobil (XOM.N) and Chevron (CVX.N) whose production there is set to rise sharply in coming years. BP’s onshore business, which it has rebranded as BPX, sent out information packages last week on the assets it was selling and its representatives held a meeting in New York with the management teams of potential buyers, the sources said handmade cufflinks uk online. This follows a series of informal talks the company held with private equity firms since the end of November aimed at gauging interest in the assets, two of the sources said..
Interested parties include U.S. buyout funds Carlyle (CG.O) and Warburg Pincus, one of the sources said. BP, which sources said was not using a banking advisor on the sale, declined to comment. Carlyle and Warburg Pincus were not immediately available for comment. Investors have been stepping up pressure on publicly traded oil firms to curb spending and boost returns. “That pressure is taking public companies out of the universe of buyers in the market, creating opportunities for private-equity companies,” said Andrew Dittmar, an M&A analyst at researcher Drillinginfo handmade cufflinks uk online.