Abertis may sell Atlantia bar to finance acquisition - report

MILAN (Thomson financially) - Abertis Infraestructuras SA may sell die 6,65 pct bar, die it indirectly in Italian the motorway company Atlantia to finance acquisition, daily La Repubblica said in keeps report, unsourced yesterday. Abertis has three weeks to decide more whether, to its participation to pattern 28, which getting thing company divided with the Benetton family, from which 50,1 Atlantia pct and has, of which die Spanish group pct 13,3, possesses it to renew said. La Republica said Abertis is probable, in order to ask spiders away from its Atlantia bar of pattern 28 by one February 1 deadline. Abertis bought die bar in Atlantia with eur 9 per portion. Too current market die bar is worth 950 mln eur and the sale capital gain for Abertis of something 600 mln eur, La Repubblica said produces Die Benettons own for 66 pct patterns 28 Other of pattern 28 over holding company the shareholders of the Sintonia. is UniCredit, Assicurazioni Generali and Fondazione CRT danilo.masoni@thomson.com dm/ms1 COPYRIGHT copyright Thomson financial news Limited 2007. all rights reserves Die copy, die new edition or die redistribution a Thomson financial news of contents, including by shapes or die similar means, is expressly forbidden without die prior written agreement of Thomson financial news. Neither the participant nor DIE AFX ensure News die completeness or accuracy to services or the suitability services, while on an acting aid and none accepts each possible commitment for losses, more howsoever taken. Contents made data available on this place of assembly, including news, stating lines, and other information, will of the AFX News and from its third party content servicers to only your personal information, and neither are responsible to AFX News nor its third party content servicers for all possible disturbances, inaccuracies or retard in contents or for any measures, die on it in the confidence to be seized.

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BRITISH borrower revolution to the expensive loans

over-mainlarger number of borrowers turn to expensive personal loans, after they were defamed by the high route credit-giving places, after opinion consumer loan company of Great Britain of the prominent. The BRITISH recession prognosis, which was set with 50-50, to buy-permit sector believes to interest rate ascents financial Provident, which specializes, up, to lend “to the prehead” borrowers with clouded credit note stories mentioned business roars, like “mainstream-credit-giving places its borrowing criteria tightens and from the non–standard consumer loan market withdraws”. Their borrowing criteria, after they had refuelled a consumer, tightened advertisement announcement of banks up binge with simple credit note during the last years, if the continual credit note crunching of far reduces their appetite, at high danger customers. Provident managing director Peter Haken said: “the banks top side cuts now. They take property quality danger and sink with limited credit note stories. If times are good, banks could not take these kinds of the people at the moment, but. In the last months we experienced an improvement in the river of the business because of the broader expenditures for market. “customer numbers fell from 2002 to 2005 and reflected the due market.” At the at the end of November, numbers were “up 3.8pc on the previous year”. The retreat of the banks of the market came as risk credit levels on credit note cards and personal loans struck a point early this year. It raises the prospect of the borrowers, who pay more for their loans. Customers usually pay 168 over 56 weeks for to 100 Provident a loan card credit note Providents, Vanquis, have a interest rate of 39.9pc against an upper rate of 29.9pc at the most banks. The higher interest rates reflect practice Providents of lending and collecting the continuous house house means. It handhas its risk credit exposure, by covering the quantity with a cap, which lends them. Vanquis customers begin the lines of credit of up to 10,000 with fair 250, compared with something credit note cards. It said Mr. Crook offers that the movement of the high route of banks had helped impairment loading Providents, which grew “with a lower rate than incomes and accounts receivable during the second half” away from the market also. Forwards he that said, the improvement was driven by the customers, “from the better are to quality, than we 12 months had”. Provident, that of the international personal finance in July demerged, has the 350m of the financing secured until 2010, which is enough “, to for our whole planned growth until 2010 to pay”, gentleman of said Crook. The portions fell 18 on 790.p.

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