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polene france er sites on this page, we will earn a commission.Tuesday 21 June 2016 2:44 pmNow the PPF is warning proposed changes to British Steel Pension Scheme could set a precedentBy: Hayley KirtonShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleProposed changes to the British Steel Pension Scheme BSPS could set a precedent for other troubled industries, the UK s pensions lifeboat has cautioned today.Responding to an ongoing consultation into the BSPS, the Pension Protection Fund PPF has warned that one of the options on the table ndash; which would involve using legislation to slash the scheme s liabilities ndash; could result in other struggling companies trying to follow suit. There is a risk of setting a precedent, the PPF s response read. Although the government including in the consultation document has been at pains to stress the unique circumstances surrounding BSPS we would nevertheless expect other employers or industries to seek similar arrangements to reduce their pension scheme liabilities ndash; effectively transferring value from scheme members to shareholders. Read more:One fifth of pe
stanley mug nsion professionals aren t confident about scheme valuations The pensions lifeboat s response also highlights that members of the scheme who had already reached pension age could find their benefits u Rnus Job cuts loom as Ford gears up for major business redesign
Monday 30 April 2012 9:10 pm|Updated:Thursday 30 May 2019 8:38 amLion Capital set to buy French glasses retailer Alain AfflelouBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GooglePRIVATE EQUITY firm Lion Capital said yesterday it is close to clinching a deal to buy rival Bridgepointrsquo majority stake in Alain Afflelou, the French eyewear retailer.The UK-based buyout group has
stanley germany entered exclusive talks with Bridgepoint and minority shareholders Apax Partners and Altamir Amboise and expects to finalise the deal in June, it said.No price was given although Lion is said to have offered around euro;800m pound;653m . Banking sources in March said that the sale was expected to be backed by around euro;300m of debt. Alain Afflelou, founded in 1972, runs 1,100 stores across Europe and Africa mainly through franchises. Last year the company made sales of almost euro;800m.London-based Bridgepoint bought a majority stake in the company in 2006 for around euro;500m. Last year it said it was considering either listing the company or selling its stake. Lion Capital is advised by Lazard and SJ Berwin while Bridgepoint is being advised by Rothschild.Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged con
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