Feeds

AOL Europe rubbishes senior staffer's IPO claims

AOL Europe not to float in Paris - but AOL France may well do

  • alert
  • submit to reddit

High performance access to file storage

AOL Europe has claimed the comments of one of its own executives that its French operation is to float on the Paris Bourse are "simply false".

Speaking at a press conference yesterday, AOL France chief executive Stephane Treppoz said the company would be listed on the French stock exchange next year. He also said French utilities company Vivendi would take a directstake in the newly floated operation. Right now, Vivendi controls AOL France's two key corporate shareholders, broadcaster Canal Plus and telecoms company Cegetel.

But Treppoz's comments were quickly denied by AOL Europe, the AOL US/Bertelsmann joint venture that owns majority stakes in all of the online service's European subsidiaries. "Any comments suggesting that AOL Europe will go public are simply false and can be attributed to market rumors. AOL Europe does not comment on market rumors," said a statement. "The shareholders of AOL Europe have made no decisions whatsoever about whether AOL Europe will be floated on any stock exchange in the future."

Of course, Treppoz was probably talking about AOL France, not AOL Europe. Certainly, AOL Europe may not float, but AOL France could well do. AOL Europe owns 45 per cent of AOL France; Cegetel and Canal Plus together own the remaining 55 per cent. And since Vivendi owns those two, it effectively has a majority stake in the French subsidiary and could force an IPO through. Given what Treppoz said, it seems very likely indeed that that's the way Vivendi is thinking. ®

Tune into Cash Register and turn on to our daily Net Finance News

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.