Alitalia Investor Sees Air France-klm As Good Acquirer

France arrests Paris woman for alleged Al-Qaeda links

“(Air France-KLM) is a good buyer,” Gilberto Benetton told reporters at the Milan exchange where he was celebrating the first day’s trading of World Duty Free SpA–another company his family invests in, MF-Dow Jones reports. But Mr. Benetton said the French-Dutch airline would have to explain its plans for Alitalia before a decision could be made, insisting that the Italian government ought to have a role. “If the government doesn’t sit at the table with Air France-KLM…the danger is that Italy as a country becomes a region,” he said. “This must be avoided at all costs.” Mr. Benetton’s family, best known for its retail chain of the same name, owns a stake in Alitalia through another company. Its holding company, Sintonia, owns 47.96% of Atlantia SpA, a toll-road operator which owns 8.9% of Alitalia. The family was among a group of Italian financiers and industrialists that came to the rescue of Alitalia five years ago to stop the airline from being bought by Air France-KLM, which nevertheless owns a 25% stake. Alitalia has yet to make a profit and is seeking at least 455 million euros ($614.6 million) in extra funding from its shareholders and creditors to avoid bankruptcy. Speaking on a state television program earlier in the day, Industry Minister Flavio Zanonato said the government was looking for a solution for the airline. “(The situation) is degenerating very quickly…(because Alitalia) risks going into default.” Mr. Benetton said the airline’s mistake was to concentrate too much of its efforts on the domestic market.

Officers with France’s DCRI domestic intelligence agency on Tuesday arrested a Paris woman suspected of possible links to Al-Qaeda in the Arabian Peninsula. Caption PARIS: Officers with France’s DCRI domestic intelligence agency on Tuesday arrested a Paris woman suspected of possible links to Al-Qaeda in the Arabian Peninsula. A source close to the investigation said the woman was arrested around 6:30 am (0430 GMT) at her apartment in the working-class Belleville district of Paris. The 21-year-old was arrested as part of an investigation by anti-terror officers into a case of “criminal association in connection with a terrorist enterprise,” the source said. The source said the suspect had been a reader of Inspire — an online magazine published by Al-Qaeda in the Arabian Peninsula — and would be questioned about potential contacts with the group. Based in Yemen, Al-Qaeda in the Arabian Peninsula is considered one of the deadliest franchises of the international militant network. Inspire, which aims to radicalise young Western Muslims and has included instructions on bomb-making, has been linked with a number of attacks. US media have quoted investigators saying Dzhokhar and Tamerlan Tsarnaev, the two brothers believed to have carried out the Boston Marathon bombings in April, had read the magazine and may have followed its instructions on making pressure-cooker bombs. Copies of the magazine have been seized in other arrests of alleged radical Muslims in France. France is grappling with a rise in homegrown Islamist militants and earlier this month arrested the webmaster of a site that published French-language translations of Inspire. French authorities stepped up security efforts and broadened anti-terror laws following the attacks by Al Qaeda-inspired gunman Mohamed Merah that killed seven people in and around the city of Toulouse last year. – AFP/ec

CROMSOURCE Expands in France – Opens New Office

Markets close in 1 hr 44 mins Stock Watch CROMSOURCE Expands in France – Opens New Office 11 hours ago Print VERONA, Italy, Oct. 1, 2013 /CNW/ – CROMSOURCE, an international full service contract research organization (CRO), today announced the official opening of new office premises in Paris, France. ‘CROMSOURCE continues to grow successfully as a result of our unique commitment to deliver our clients’ projects on time, on budget and to the highest quality,’ noted Oriana Zerbini, CEO of CROMSOURCE. ‘As a result we needed to increase our presence in France, and I am delighted to announce that we have done this through expansion of our team and the opening of new office premises.’ ‘With more than 33% of international phase II and III studies being performed here, France is a key strategic country for CROMSOURCE,’ said Christian Milla, Global Head of the Medical Division and Director of Operations, France. Christian is based in the new offices, which are located on the Left Bank area of Paris, close to the University of Sciences and the Paris Biopark. ‘We have been growing our activity here year on year, and we look forward to further growth in this region in years to come. With our intense client focus, comprehensive service portfolio and international reach we are a perfect development partner for the vibrant life sciences industry in France. Being on the French Ministry of Research (FMR) list of approved CROs also means that many of our clients can claim significant tax credits for R&D activities executed by CROMSOURCE on their behalf.’ Margherita Mosconi, Director of Client Project Development, added, ‘There is a high demand in France from smaller biopharmaceutical and medical technology companies for knowledgeable partners who can support them and keep within timelines and budgets. These clients appreciate the CROMSOURCE philosophy of acting as an expert addition to their team. We leverage our expertise to propose the optimal approach to each of their projects. Uniquely, we then guarantee to deliver the plan to the highest quality, on time and on budget.’ About CROMSOURCE: Founded in 1994, CROMSOURCE is a high quality ISO-certified international provider of outsourced services to the pharmaceutical, biotechnology and medical device industries, specialized in clinical development and staffing solutions.