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Visit One News Page for Europe news from around the world, aggregated from leading sources including newswires, newspapers and broadcast media. Search millions of archived news headlines. This feed provides the Europe news headlines.

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    Transfer news LIVE: All the deals in the Premier League and Europe The January transfer window opens in less than two weeks and clubs are finalising their plans to bring in reinforcements this winter. Follow all the latest news with Sportsmail here. Reported by MailOnline 13 minutes ago.

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    'Al-Qaeda are resurgent. They have reorganised. They are pushing more and more plots towards Europe' Reported by Independent 45 minutes ago.

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    Al-Qaeda plotting new plane attacks in Europe after ‘resurgence’ of terror group, security minister warns A “resurgent” Al-Qaeda is targeting Europe for terror attacks against airliners and airports, the security minister has warned. Ben Wallace said the decline of Isis – after becoming “the latest... Reported by WorldNews 26 minutes ago.

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    Arsenal's Mesut Ozil a shock target, Man United linked with Bournemouth's Josh King and Chelsea to beat Liverpool to Nabil Fekir The latest transfer news and views from across Europe and beyond... Reported by Wales Online 4 hours ago.

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    Foundryside is a cyberpunk adventure wrapped in an epic fantasy novel When someone asks you to picture a fantasy world, what often springs to mind is something like the works of J.R.R. Tolkien’s Lord of the Rings or George R.R. Martin’s A Song of Ice and Fire series, with all the trappings of a pastoral England or medieval Europe. But recently, a number of authors have begun imagining fantasy with new perspectives, where their character’s motivations and story are rooted in more modern concerns. One such recent novel is Robert Jackson Bennett’s Foundryside, the first in a new trilogy that imagines magic almost as though it’s a type of artificial intelligence.

    Foundryside was one of my picks for 2018’s best novels, because it has such an interesting take on how fantasy can operate. Certainly, it’s not the... Reported by The Verge 23 minutes ago.

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    China’s Huawei faces new setbacks in Europe’s telecom market LONDON (AP) — The U.S. dispute with China over a ban on tech giant Huawei is spilling over to Europe, the company’s biggest foreign market, where some countries are also starting to shun its network systems over data security concerns. Some European governments and telecom companies are following the U.S.’s lead in questioning whether using Huawei for vital infrastructure for mobile networks could leave them exposed to snooping by the Chinese government. Bans in Europe could significantly increase the financial pressures on Huawei. They would also cost Europe tens of billions of dollars as the region looks to build up “5G” networks, which are meant to support a vast... Reported by WorldNews 1 hour ago.

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    Celtic and Rangers lead the way at Christmas but there's so much more to the top flight. Reported by Daily Record 2 hours ago.

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    Android stomps across Europe with 73.3% of key market smartphone sales Reported by Eurodroid 6 hours ago.

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    Costa Coffee owner *Whitbread* has agreed a £36m takeover of Coffeeheaven, which operates 90 coffee shops across central and eastern Europe.

    *Wells Fargo* has become the last remaining US bank to announce it is repaying government bailout funds, with the proposed return of $25bn (£15bn).

    Outsourcing group *Serco* has said it remains on track to hit full-year financial targets. Reported by teletext 6 hours ago.

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    According to the report, the global data center colocation market was valued at approximately USD 31 billion in 2017 and is expected to generate revenue of around USD 105 billion by 2026, growing at a CAGR of around 14.2% between 2018 and 2026.

    New York, NY, Dec. 24, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled *“Data Center Colocation Market by Lease Type (Retail and Wholesale) and by End-User (Small & Medium Enterprises and Large Enterprises): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2026”*. According to the report, the global data center colocation market was valued at approximately USD 31 billion in 2017 and is expected to generate revenue of around USD 105 billion by 2026, growing at a CAGR of around 14.2% between 2018 and 2026.

    Cloud computing is one of the sectors that are likely to drive the data center colocation market in the future, due to its low operational cost. The cloud market comprises large global companies, such as Microsoft Cloud and Amazon Web Services along with the companies operating in the provider segment. In terms of infrastructure, third-party vendors and renowned corporations support their services with large-scale data centers and rent spaces to colocation service providers. Besides, combining colocation with the cloud can increase security, create cloud interconnection opportunities, and reduce latency. Moreover, digitization of consumer health records has also been contributing to the data increment in the last few years.

    *Browse through 49 Tables & 20 Figures spread over 110 Pages and in-depth TOC on “Global Data Center Colocation Market Size & Share 2018: By Type, Industry Trends, Growth, Segments, Analysis and Forecast, 2026”.*

    *Request Free Sample Report of Global Data Center Colocation Market Report @ *https://www.zionmarketresearch.com/sample/data-center-colocation-market

    The market for data center colocation is segmented on the basis of lease type and end-user. By lease type, the market is bifurcated into retail and wholesale. The retail sector held a major share of the global market in 2017, as retail colocations offer great flexibility in terms of IT infrastructure scalability and are mostly preferred by enterprises with small to medium IT requirements. Besides, retail colocation also provides management software to integrate it with cooling, power, and IT rooms to facilitate easy management of data centers. Retail colocation facilities are provided by leading vendors, such as NTT Communications, Equinix, China Telecom, and AT&T.

    By end-user, the market is segmented into small and medium enterprises and large enterprises. Large enterprises held a major market share in 2017. However, the small and medium enterprises (SME’s) are expected to grow at a higher rate of growth in the future, as SME’s have less requirement for infrastructure autonomy. Data center colocation also provides SMEs with flexibility and security that is likely to further boost their demand in the future.

    *Download Free Report PDF Brochure: *https://www.zionmarketresearch.com/requestbrochure/data-center-colocation-market

    North America is anticipated to lead the data center colocation market globally over the forecast timeframe. The European data center colocation market accounted for nearly 24.8% revenue share in 2017. The market in these regions is mainly driven by the increase in modular datacenter deployments by government agencies, educational institutes, enterprises, and various vendors, such as NTT Communications, Equinix, Digital Realty, Interxion, Global Switch, and T-Systems. Moreover, the rise in the demand for interconnection services with various facilities and cloud connectivity service with several cloud platforms is attracting more customers. Besides, retail colocation centers provide more control to enterprises over IT infrastructural operations other than managed hosting services, which, in turn, is likely to act as an advantage for the customers.

    Asia Pacific is projected to showcase a high growth rate in the data center colocation market in the future. The region is a major hub for IT outsourcing across various industry verticals. IP transit, power, and space cost more in China, which, in turn, is increasing the difficulties in maintaining the country’s data centers. China has more internet users, which indicate the scope for immense development. China’s connectivity ecosystem is made of 53 cloud service providers and 75 colocation data centers. Japan has a high internet literacy rate in comparison to China apart from having a high density of colocation. Thus, these are some factors that are likely to drive this region’s data center colocation market in the future.

    Browse the full *“Data Center Colocation Market by Lease Type (Retail and Wholesale) and by End-User (Small & Medium Enterprises and Large Enterprises): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2026”* Report at https://www.zionmarketresearch.com/report/data-center-colocation-market

    The Middle Eastern and African and Latin American regions are likely to emerge as a potential market for data center colocation in the estimated time period. This can be attributed to the growing demand for data colocation services from organizations, especially in the Middle East and Africa and the rising demand for high computing capacity from big data, global enterprises, cloud providers, and IoT organizations in both the regions.

    Some leading players in the data center colocation market include ANEXIO, Inc., Atlantech Online, Inc., CE Colo, Coreix Limited, CYRUSONE, Digital Realty Trust, Inc., Equinix, Inc., First Colo GmbH, H5 DATA CENTERS, IBSCY Ltd., Interoute Communications Limited, Linxdatacenter, Netmagic Solutions, NextraOne, North Shore, RACKSPACE US, Inc., Red Level Networks, Sabey Data Center Properties, Sentinel Data Centers, and Viettel IDC.

    *Inquire more about this report before purchase @ *https://www.zionmarketresearch.com/inquiry/data-center-colocation-market

    *This report segments the global data center colocation market into:*

    *Global Data Center Colocation Market: Lease Type Analysis*

    · Wholesale
    · Retail

    *Global Data Center Colocation Market: End-User Analysis*

    · Small and Medium Enterprises
    · Large Enterprises

    *Global Data Center Colocation Market: Regional Analysis*

    · North America

    · The U.S.

    · Europe

    · UK
    · France
    · Germany

    · Asia Pacific

    · China
    · Japan
    · India

    · Latin America

    · Brazil

    · The Middle East and Africa

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    *About Us:*

    Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

    *Follow Us LinkedIn: *https://www.linkedin.com/company/zion-market-research
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    *Website:* https://www.zionmarketresearch.com

    *Blog:* http://zmrblog.com Reported by GlobeNewswire 2 hours ago.

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    *FY 2017 and H1 2018 Results*
    *FY 2017 and H1 2018 EBITDA in line with guidance *

    Marie Brizard Wine & Spirits (Euronext: MBWS) today announced the publication of its consolidated financial results for FY 2017 and H1 2018^[1]. 

    *FY 2017 CONSOLIDATED RESULTS *

    *FY 2017 condensed income statement*

    in €m, IFRS 15 *31 December 2017* *31 December 2016*  
           
    *Net sales* *423.3* *431.3*  
    *Gross profit* *134.2* *159.8*  
    Gross margin 31.8% 37.1%  
    *EBITDA* *-11.9* *17.1*  
    *Operating profit (loss)* *-72.7* *15.4*  
    *Attributable net income* *-67.3* *6.8*  

    Net sales for FY 2017 totaled €423.3m, a -1.8% decrease compared to FY 2016.   Excluding the impact of third-party brand contracts that ended in 2017^[2] and change in scope, net sales decreased by -0.9% compared to 2016.

    Gross margin was 31.8% in FY 2017, a contraction vis-à-vis gross margin in the previous year, which stood at 37.1%.  This erosion is due primarily to a higher proportion of Other Businesses in the sales mix, which -- for structural reasons - generates a lower gross margin than the Branded Business.  Other Businesses accounted for 43% of consolidated net sales in 2017, compared to 38% in 2016.  EBITDA in FY 2017 totaled -€11.9m, within the guidance range provided by the Group.

    As part of the process for closing the annual accounts, the Group carried out impairment tests on its assets.  In light of the Group's current situation in several of its markets, impairments totaling €57.7m have been recorded.  The most significant impact has been on the brands, for a total impairment charge of €26.2m.  Goodwill accounted for a charge of €13.6m, and tangible assets were charged an amount of €17.3m.  The sale of the Fondaudège site in Bordeaux, finalized in H1 2017, led to a capital gain of €11.1m which is recorded in non-recurring operating income. The Group reported an operating loss of -€72.7m in FY 2017. 

    The attributable net loss in FY 2017 totaled -€67.3m.  This includes net financial income of €5.3m related mainly to the reversal of a provision in the amount of €11.3m for the receivable the Group held in Trinidad and Tobago.

    *FY 2017 EBITDA by cluster*

      *In €m, IFRS 15* *FY 2016* *Organic  change* *Currency impact * *FY 2017*
    *Branded Business* * *     * *
    *- Western Europe, Middle East & Africa* *11.6* *-2.4* * * *9.2*
    *- Central and Eastern Europe* *9.6* *-16.9* *-0.3* *-7.6*
    *- Americas* *5.4* *-1.6* *-0.1* *3.7*
    *- Asia Pacific* *-0.6* *-* *-* *-0.6*
    *Sub-total Branded Business (excl. holding)* *26.1* *-20.9* *-0.4* *4.8*
    *- Holding* *-10.9* *-2.2* * * *-13.1*
    *Total Branded Business* *15.2* *-23.1* *-0.4* *-8.4*
    *Other Businesses* *1.9* *-5.4* *-0.1* *-3.6*
    *TOTAL MBWS* *17.1* *-28.5* *-0.5* *-11.9*

    *Western Europe, Middle East & Africa (WEMEA)*

    The Western Europe, Middle East & Africa (WEMEA) cluster delivered net sales of €133.3m in 2017, a decrease of -€3.0% versus the previous year.  Net sales in France, accounting for 82% of the cluster, were €109.4m, down         -2.4% compared to FY 2016.  The decrease in sales recorded in 2017 is due primarily to the impact of poor weather on the sale of Fruits and Wines and branded wines.  The WEMEA cluster reported EBITDA of €9.2m in 2017, a -20.5% decrease versus the previous year. 

    *Central and Eastern Europe (CEE)*

    The Central and Eastern Europe (CEE) cluster's net sales decreased by -19.8% in FY 2017, to €76.0m.  Poland accounted for 57%, with net sales of €43.4m, a -33.9% year-on-year decrease.  This decline in sales is attributable to the reconfiguration of the Group's route-to-market, and to continued strong competitive pressure in Poland.   

    Consequently, the CEE cluster reported an EBITDA loss of -€7.6m in FY 2017, compared to EBITDA of €9.6m in 2016.  This result is due to the decrease in volume, an increase in promotional spending in Q4 2017, added to the Polish affiliate's lower absorption of fixed costs.   

    *Americas*

    FY 2017 net sales in the Americas cluster totaled €25.6m, a decrease of -8.3% compared to the previous year.  Sales were affected by the establishment of new distribution contracts in the United States.  EBITDA in the cluster totaled €3.7m in 2017.

    *Asia Pacific*

    The Asia Pacific cluster delivered net sales of €4.4m in 2017, a +16.9% increase compared to the previous year.  EBITDA in 2017 was flat compared to the previous year, at -€0.6m, as the Group continued to invest in the cluster to strengthen local staff. 

    *Other Businesses*

    The Group's Other Businesses generated 2017 net sales of €184.0m, a year-on-year increase of +11.0%.  2017 EBITDA for Other Businesses totaled -€3.6m, negatively affected by the Sobieski Trade's gross margin, in turn impacted by the strong competitive pressure in the Polish market. 

    *Balance Sheet and Cash flow items*

    At 31 December 2017, the Group's shareholders' equity totaled €163.9m compared to €238.5m at year-end 2016.  The decrease is attributable to the net loss generated in FY2017. 

    At year-end, the Group's gross financial debt was €63.3m, an increase of €11.2m compared to year-end 2016, affected by the Group's investment plan. 

    At 31 December 2017, the Group's net debt was €3.6m, a decrease of-€1.5m compared to year-end 2016.

    The FY 2017 accounts have been audited, and the auditors' reports to certify these accounts are being finalized.  The auditors are expected to certify the FY 2017 with observations regarding MBWS' going concern status.   

    *H1 2018 CONSOLIDATED RESULTS*

    *H1 2018 condensed income statement*

    In €m *30 June 2018* *30 June 2017*  
           
    *Net sales* *190.0* *205.6*  
    *Gross profit* *48.6* *65.6*  
    Gross margin 25.6% 31.9%  
    *EBITDA* *-21.1* *-1.9*  
    *Operating profit* *-27.5* *-6.1*  
    *Attributable net income* *-35.6* *2.2*  

    Gross profit in H1 2018 was €48.6m, a -25.9% decrease compared to the first half of the previous year.  This decline resulted primarily from the -7.6% decrease in the Group's net sales, attributable in large part to a sharp decrease in Poland.  The gross margin thus contracted by 6.4 point to 25.5%.  This decrease reflects the higher weight of Other Businesses, which represented 53.5% of the Group's net sales, compared to 43.7% in H1 2017.  It is also attributable to the proactive destocking in the Group's principal markets which led to a lower rate of fixed cost absorption. 
      
    As expected, H1 2018 EBITDA was -€21.1m, a significant decrease compared to H1 2017.  This decline resulted mostly from the decrease in sales that negatively affected H1 2018 gross margin and EBITDA. 

    Marie Brizard Wine & Spirits' attributable net loss was -€35.6m in H1 2018.

    *H1 2018 EBITDA by cluster*

      *In €m, IFRS 15* *H1 2017* *Organic Change* *Currency impact* *H1 2018*
    *Branded Business* * *     * *
    *- Western Europe, Middle East & Africa* *3.0* *-2.5* *-* *0.5*
    *- Central and Eastern Europe* *2.2* *-13.3* *-0.1* *-11.2*
    *- Americas* *1.1* *-2.7* *0.1* *-1.6*
    *- Asia Pacific* *-0.7* *0.1* *-* *-0.6*
    *Sub-total Branded Business (excl. holding)* *5.6* *-18.3* *-* *-12.8*
    *- Holding* *-6.1* *-0.6* *-* *-6.7*
    *Total Branded Business * *-0.6* *-18.9* *-* *-19.5*
    *Other Businesses* *-1.3* *-0.3* *-* *-1.6*
    *TOTAL MBWS* *-1.9* *-19.2* *-0.1* *-21.1*

    *Western Europe, Middle East & Africa (WEMEA)*

    Net sales in the WEMEA cluster totaled €58.7m in H1 2018, a -10.6% decrease versus the year-ago period.  In France, which represented 85% of the cluster's revenue, net sales totaled €50.0m, a -9.3% decrease, adversely affected by the destocking carried out by the main distributors at the end of the semester, and by the lack of available stock of 2017 vintage rosé wine.   

    In the rest of the cluster, net sales totaled €8.7m in H1 2018, a -17.1% decrease, due primarily to the business in Spain. 

    In H1 2018, the cluster's EBITDA totaled €0.5m, a decrease of -€2.5m compared to the same period in the previous year.  This decline is mostly due to a contraction in gross profit.  

    *Central and Eastern Europe (CEE)*

    In H1 2018, the CEE cluster's net sales reached €21.1m, a -43.7% decrease compared to H1 2017.  This sharp decline is largely attributable to sales in Poland which decreased by -62.5% during the period, a consequence of the Group's proactive strategy to destock the market, which was finalized at the end of June 2018.

    In the rest of the cluster, H1 2018 net sales totaled €12.2m, a -12.0% decrease, affected primarily by a more restrictive regulatory environment regarding the sale of alcohol in Lithuania. 

    The CEE cluster's EBITDA in the first half of the year totaled -€11.2m, impacted by the sharp gross profit decline at the Group's affiliate in Poland.

    *Americas*

    Net sales in the Americas cluster reached €7.2m in H1 2018, a decrease of -27.6%, due to the destocking of Sobieski in its old packaging carried out by the Group's distributors in the United States.

    The Americas cluster generated an EBITDA loss of -1.6m in H1 2018, affected mostly by the decrease in sales in the United States. 

    *Asia Pacific*

    Net sales in the Asia Pacific cluster in H1 2018 decreased -19.8% off of a low base, to reach €1.3m.  The cluster's EBITDA was -€0.6m, marking a slight improvement compared to H1 2017, and reflecting the Group's ongoing investment in the cluster, mainly in China.

    *Other Businesses*

    The Group's Other Businesses generated net sales of €101.7m in H1 2018, an increase of +13.3% versus the year-ago period.  Other Businesses recorded an EBITDA loss of -€1.6m, affected by the ongoing competitive pressure in the Polish market. 

    *Balance sheet and cash flow items*

    At mid-year 2018, the Group's shareholders' equity stood at €130.3m, compared to €163.9m a year earlier.    This decrease is due to the Group's net loss in H1 2018.   Gross debt totaled €93.9m at the end of H1 2018, an increase of €30.6m compared to year-end 2017.  This increase is attributable to the subscription in May 2018 of various bank loans and a current account advance, for a total principal amount of €15m. 

    At 30 June 2018, the Group's net debt stood at -€51.7m.

    *OUTLOOK*

    *Update on the discussions with the banking partners and the measures announced in September*

    The discussions with the Group's banking partners have not yet been concluded.  Additionally, the work being undertaken to optimize the Group's cost structure and the project to sell some the Group's brands are still ongoing.  The Group has decided to broaden the scope of its asset disposal project to include other assets whose sale would not limit its capacity to grow or execute its strategy.

    *Binding agreement with COFEPP to increase their shareholding of MBWS*
    In light of the difficulties encountered in reaching an agreement with the Group's banking partners, and given the downturn in the financial outlook, the Board of Directors has assessed the possibility of finding a partner, capable of providing the necessary financial support for the Group's development and to support the execution of the strategy to be communicated by the Chief Executive Officer in Q1 2019. 

    In conclusion of the discussions carried out over the past few weeks, today the Group reached a binding agreement with COFEPP.  The complete terms of this operation are more fully explained in a separate press release published today by the Company.

    *Next Annual General Meeting of shareholders to be held 31^st January 2019*

    Today's publication of the FY 2017 annual accounts enables the Group to hold its Annual General Meeting of shareholders (AGM) on 31^st January 2019.  This meeting is called, in particular, to approve the FY 2017 annual accounts and to vote on the terms of the operation with COFEPP. 

    Additionally, shareholders will be asked to vote on the amount of attendance fees allocated to members of the Board of Directors in FY 2018.  The Board will propose -- in order to take into account the Group's financial situation -- that the total amount of attendance fees be reduced by 75% compared to the preceding year.

    The process for participating in the AGM will be published on 26^th December 2018 on the Group's web site and in the Bulletin of Obligatory Legal Announcements (Bulletin des Annonces Légales Obligatoires).

    *FY 2018 Annual Objectives*

    Although it is too early to fully assess the impact of the social movements in France on the Group's Q4 2018 net sales, public information available currently points to a significant sales decrease among large retailers.  Additionally, and as announced in the press release regarding Q3 2018 net sales, the Group's activity in the United States is not expected to have increased in Q4 2018.

    Consequently, the Group now expects FY 2018 EBITDA to be in a range between  -€25m and -€28m.

    Cautionary note: this press release includes forward-looking assumptions and statements which have not been audited, and that are subject to a number of risks and uncertainties.  

    *Marie Brizard Wine & Spirits* produces and sells a range of wine and spirits across four geographic clusters: Western Europe, Middle East & Africa, Central and Eastern Europe, the Americas, and Asia-Pacific. MBWS has distinguished itself for its know-how, the range of its brands, and a long tradition and history of innovation. From the inception of Maison Marie Brizard in Bordeaux, France in 1755, to the launch of Fruits and Wine in 2010, MBWS has successfully developed and adapted its brands to make them contemporary while respecting their origins. MBWS is committed to providing value by offering its customers bold, trustworthy, flavorful and experiential brands. The company has a broad portfolio of leading brands in their respective market segments, most notably William Peel scotch whisky, Sobieski vodka, Krupnik vodka, Fruits and Wine flavored wine, Marie Brizard liqueurs and Cognac Gautier. MBWS is listed on the regulated market of Euronext Paris, Compartment B (ISIN code FR0000060873, ticker MBWS) and is in the EnterNext© PEA-PME 150 index, among others.
    *                                                   *

    *Investor Contact*
    *Raquel Lizarraga  *
    raquel.lizarraga@mbws.com
    Tél : +33 1 43 91 50 *Press Contact*
    *Simon Zaks, Image Sept*
    szaks@image7.fr
    Tél : +33 1 53 70 74 63

    * *

    *ANNEXES*

    1. *FY 2017 consolidated accounts*

    Income statement

    *(in thousands of euros)* 31.12.2017 *31.12.2016*
    Revenue 678,707 716,441
    Excise tax (255,399) (285,156)
    *Net sales, excluding excise tax* *423,308* *431,286*
    Cost of goods sold (289,103) (271,449)
    External expenses (71,014) (71,997)
    Personnel expense  (67,283) (63,448)
    Taxes and levies (7,161) (7,442)
    Depreciation and amortization charges (9,017) (7,471)
    Other operating income 8,723 9,210
    Other operating expense (15,283) (7,567)
    *underlying operating profit* *(26,831)* *11,122*
    Non-recurring operating income 14,042 16,170
    Non-recurring operating expenses (59,927) (11,887)
    *Operating profit* *(72,716)* *15,405*
    Income from cash and cash equivalents 95 269
    Gross cost of debt (5,727) (3,198)
    *net cost of debt* *(5,632)* *(2,929)*
    Other financial income 16,323 780
    Other financial expenses (5,410) (17,595)
    *net financial expense* *5,281* *(19,744)*
    *Profit (loss) before tax* *(67,435)* *(4,339)*
    Income tax 39 11,089
    *net profit from continuing operatoins* *(67,396)* *6,751*
    Profit (loss) from discontinued operations, net of tax    
    *net profit* *(67,396)* *6,751*
    Group share (67,328) 6,885
    of which net profit from continuing operations (67,328) 6,885
    of which net profit (loss) from discontinued operations    
    Non-controlling interests (68) (134)
    of which net profit (loss) from continuing operations (68) (134)
    of which net profit (loss) from discontinued operations    
    Net earnings per share from continuing operations, Group share( €) - €2.42 €0.25
    Diluted net earnings per share from continuing operations, Group share ( €) - €2.42 €0.25
    Net earnings per share, Group share (€) - €2.42 €0.25
    Diluted net earnings per share, Group share ( €) - €2.42 €0.25
    Weighted average number of shares outstanding 27,792,439 27,504,562
    Diluted weighted average number of shares outstanding 27,816,197 27,541,259

    Balance Sheet

    *(in thousands of euros)* 31.12.2017 *31.12.2016*
    *Non-current assets*    
    Goodwill 15,046 28,408
    Intangible assets 85,392 110,065
    Property, plant & equipment 67,067 61,868
    Financial assets 16,285 4,602
    Non-current derivatives 127 633
    Deferred tax assets 806 6,087
    *Total non-current assets* *184,723* *211,662*
    *Current assets*    
    Inventory and work-in-progress 69,435 75,931
    Trade receivables 81,359 103,140
    Tax receivables 3,109 699
    Other current assets 23,221 28,881
    Current derivatives 273 356
    Cash and cash equivalents 59,731 49,928
    *Total current assets* *237,127* *258,936*
    Assets held for sales 1,476 3,760
    *TOTAL Assets* *423,326*  -  *474,359*

    *(in thousands of euros)* 31.12.2017 *31.12.2016*
    *Shareholders' equity*    
    Share capital 56,673 56,661
    Additional paid-in capital 175,666 448,544
    Consolidated and other reserves 17,666 (260,986)
    Translation reserves (21,002) (18,164)
    Consolidated net profit (loss) (67,328) 6,885
    * Shareholders' equity (Group share)* *161,675* *232,940*
    Non-controlling interest 2,200 5,585
    *Total shareholders' equity* *163,875* *238,525*
    *Non-current liabilities*    
    Employee benefits 5,963 5,470
    Non-current provisions 208 1,385
    Long-term borrowings - due in > than 1 year 13,339 4,082
    Other non-current liabilities 2,224 2,391
    Non-current derivatives 889 587
    Deferred tax liabilities 9,832 15,493
    *Total non-current liabilities* *32,455* *29,408*
    *Current liabilities*    
    Current provisions 4,137 3,913
    Long-term borrowings - due in less than one year 48,577 45,418
    Short-term loans 1,366 2,535
    Trade and other payables 87,911 70,993
    Tax Liabilities 865 806
    Other current liabilities 82,702 82,110
    Current derivatives 1,438 650
    *Total current liabilities* *226,997* *206,425*
    Liabilities held for sale    
    *TOTal shareholders' equity and liabilities* *423,326*  -  *474,359*

    Cash flow sagement

    *(in thousands of euros)* 31.12.2017 *31.12.2016*
    *Total consolidated net profit (loss)* *(67,396)* *6,751*
    Less net profit (loss) from sold or held-for-sale operations    
    *Net profit (loss) on continuing operations* *(67,396)* 6,751
    Depreciation, amortization and provisions 48,057 (10,325)
    Fair value revaluation gains (losses) 209 128
    Impact of financial discounting   14,537
    Difference between the fair value/cash obtained on the transfer of treasury shares   46
    Gains (losses) on disposals and dilution (11,245) (3,410)
    Impact of discontinued operations   454
    *Operating cash flow before net cost of borrowings and tax* *(30,375)* *8,181*
    Income tax charge (credit) (39) (11,089)
    Net cost of borrowings 5,632 2,930
    *Operating cash flow after net cost of borrowings and tax* *(24,781)* *21*
    Change in working capital 1 (inventories, trade receivables/payables) 45,196 (8,870)
    Change in working capital 2 (other items) 7,063 (74,699)
    Taxes paid (2,838) (3,333)
    *Cash flow from operating activities* *24,640* *(86,882)*
    Purchase of minority interests
    Purchase of PP&E and intangible assets (1,061)
    (22,221)  

    (18,786)
    Acquisition of financial assets
    Increase in loans and advances granted  

    (807) (14)
    (2,992)
    Decrease in loans and advances granted 3,562 620
    Disposal of PP&E and intangible assets 15,524 11,885
    Disposal of financial assets    
    Dividends received    
    Impact of change in consolidation scope (56) (3,972)
    *Cash flow related to investment activities* *(5,060)* *(13,258)*
    Capital increase 35 35,559
    Purchase of treasury shares (2,746) (6,693)
    Sale of treasury shares    
    Loans received 48,082 46,544
    Loans repaid (50,625) (884)
    Net interest paid (3,316) (2,786)
    Net change in short-term debt (1,185) (10,875)
    *Cash flow related to financing activities* *(9,755)* *60,865*
    Impact of fluctuations in exchange rates (23) 92
    Cash flow from discontinued operations and sale proceeds    
    *Change in cash and cash equivalents* *9,803* *(39,184)*
    Opening cash and cash equivalents 49,928 89,112
    Closing cash and cash equivalents 59,731 49,928
    *change in cash and cash equivalents* *9,803* *(39,184)*

    1. *H1 2018 Consolidated Accounts*

    Income Statement

    *(in thousands of euros)* 30.06.2018
    6 months *30.06.2017*
    *6 months restated*
    Revenue 266,624 317,660
    Excise tax (76,616) (112,076)
    *NET Sales, excluding excise tax* *190,008* *205,584*
    Cost of goods sold (141,403) (139,995)
    External expenses (30,724) (30,005)
    Personnel expense  (35,497) (34,370)
    Taxes and levies (3,203) (3,133)
    Depreciation and amortization charges (4,494) (4,095)
    Other operating income 5,283 4,348
    Other operating expense (7,457) (4,391)
    *underlying operating profit* *(27,488)* *(6,058)*
    Non-recurring operating income 275 12,850
    Non-recurring operating expense (5,445) (1,012)
    *operating profit* *(32,658)* *5,780*
    Income from cash and cash equivalents  24 65
    Gross cost of debt (3,252) (3,594)
    *Net cost of debt* *(3,228)* *(3,529)*
    Other financial income 3,873 5,283
    Other financial expense (5,275) (5,067)
    *Net financial expense* *(4,630)* *(3,313)*
    *profit (loss) before tax* *(37,288)* *2,467*
    Income tax 1,583 (254)
    *net profit from continuing operations* *(35,705)* *2,213*
    Profit (loss) from discontinued operations, net of tax    
    *net profit (loss)* *(35,705)* *2,213*
    Group share (35,598) 2,160
    of which net profit (loss) from continuing operations (35,598) 2,160
    of which net profit (loss) from discontinued operations    
    Non-controlling interest (106) 52
    of which net profit (loss) from continuing operations (106) 52
    of which net profit (loss) from discontinued operations    
    Net earnings per share from continuing operations, Group share (€) - €1.28 €0.08
    Diluted net earnings per share from continuing operations, Group share ( €) - €1.28 €0.08
    Net earnings per share, Group share (en €)  - €1.28 €0.08
    Diluted net earnings per share, Group share (en €) - €1.28 €0.08
    Weighted average number of shares outstanding 27 813 971 27,855,017
    Diluted weighted average number of shares outstanding 27,831,633 27,893,055

    Balance Sheet

    *(in thousands of euros)* 30.06.2018 *31.12.2017*
    *Non-current assets*    
    Goodwill 15,031 15,046
    Intangible assets 87,375 85,392
    Property, plant & equipment 70,740 67,067
    Financial assets 2,449 16,285
    Non-current derivatives 50 127
    Deferred tax assets 35 806
    *Total non-current assets* *175,680* *184,723*
    *Current assets*    
    Inventory and work-in-progress 77,369 69,435
    Trade receivables 53,591 81,359
    Tax receivables 4,456 3,109
    Other current assets 36,938 23,221
    Current derivatives 116 273
    Cash and cash equivalents 42,221 59,731
    *Total current assets* *214,690* *237,127*
    Assets held for sales 149 1,476
    *TOTAL ASSETS* *390,519*  -  *423,326*

    *(in thousands of euros)* 30.06.2018 *31.12.2017*
    *Shareholders' equity*    
    Share capital 56,677 56,673
    Additional paid-in capital 175,712 175,666
    Consolidated and other reserves (48,998) 17,666
    Translation reserves (19,530) (21,002)
    Consolidated net profit (loss) (35,598) (67,328)
    *Shareholders' equity (Group share)* *128,263* *161,675*
    Non-controlling interest 2,024 2,200
    *Total shareholders' equity* *130,287* *163,875*
    *Non-current liabilities*    
    Employee benefits 6,152 5,963
    Non-current provisions 199 208
    Long-term borrowings - due in more than 1 year 14,129 13,339
    Other non-current liabilities 2,106 2,224
    Non-current derivatives 366 889
    Deferred tax liabilities 10,356 9,832
    *Total non-current liabilities* *33,310* *32,455*
    *Current liabilities*    
    Current provisions 2,674 4,137
    Long-term borrowings - due in less than 1 year 48,495 48,577
    Short-term loans 31,290 1,366
    Trade and other payables 84,756 87,911
    Tax liabilities 479 865
    Other current liabilities 58,504 82,702
    Current derivatives 725 1,438
    *Total current liabilities* *226,922* *226,997*
    Liabilities held for sale    
    *TOTAL shareholders' equity and liabilities* *390,519* *423,326*

    Cash flow statement

    *(in thousands of euros)* 30.06.2018 *30.06.2017*
    *Total consolidated net profit (loss)* *(35,705)* *2,213*
    Less net profit (loss) from sold or held-for-sale operations    
    *Net profit (loss) on continuing operations* *(35,705)* *2,213*
    Depreciation, amortization and provisions 1,658 1,500
    Fair value revaluation gains (losses) 664 77
    Impact of financial discounting    
    Difference between the fair value/cash of the FRN debt    
    Difference between the fair value/cash obtained on the transfer of treasury shares   (140)
    Gains (losses) on disposals and dilution (268) (8,154)
    Impact of discontinued operations    
    *Operating cash flow before net cost of borrowings and tax* *(33,650)* *(4,505)*
    Income tax charge (credit) (1,583) 254
    Net cost of borrowings 3,228 3,529
    *Operating cash flow after net cost of borrowings and tax* *(32,006)* *(721)*
    Change in working capital 1 (inventories, trade receivablese/payables) 16,679 32,955
    Change in working capital 2 (other items) (34,949) (24,185)
    Taxes paid 1,237 (1,216)
    *Cash flow related to operating activities* *(49,039)* *6,832*
    Purchase of minority interests
    Purchase of PP&E and intangible assets  

    (13,598)  

    (14,028)
    Acquisition of financial assets
    Increase in loans and advances granted  

    (13)  

    (313)
    Decrease in loans and advances granted 15,594 147
    Disposal of PP&E and intangible assets 2,961 13,548
    Disposal of financial assets    
    Dividends received    
    Impact of change in consolidation scope   (925)
    *Cash flow related to investment activities* *4,944* *(1,571)*
    Capital increase 53 34
    Purchase of treasury shares 52 (1,500)
    Sale of treasury shares    
     Loans received   1,551
    Loans repaid (533) (349)
    Net interest paid (3,178) (1,332)
    Net change in short-term debt 30,523 (4,149)
    *Cash flow related to financing activities* *26,917* *2,552*
    Impact of fluctuations in exchange rates (332) (84)
    Cash flow from discontinued operations and sale proceeds (17,510)  
    *Change in cash and cash equivalents* *(17,510)* *7,729*
    Opening cash and cash equivalents 59,731 49,928
    Closing cash and cash equivalents 42,221 57,657
    *change in cash and cash equivalents* *(17,510)* *7,729*
    ^[1] The net sales growth mentioned in this press release are expressed at a constant exchange rate and on a like-for-like basis, unless stated otherwise.  The figures at constant exchange rates are calculated by applying the exchange rate in the previous year to the figures for the year being reported. 

    ^[2]The restated figures reflect the end of the distribution contracts for Mateus and Ferreira in the WEMEA cluster, the reclassification of the Pulco contract in Spain to the Private Label category, and the sale of Augustowianka in Poland.  

    *Attachment*

    · MBWS FY 2017 AND H1 2018 RESULTS.pdf Reported by GlobeNewswire 2 hours ago.

    0 0

    Paris, 24^th December 2018

    *MBWS and COFEPP sign a binding agreement *
    Marie Brizard Wine & Spirits (Euronext: MBWS) today announced the signing of a binding agreement with Compagnie Financière Européenne de Prises de Participation (COFEPP). 
    *Background of the agreement*

    In September 2018, in light of the downturn in its financial outlook and the financial difficulties faced by the Group (MBWS, the *"Group"*), the Board of Directors decided to accelerate the optimization of the Group's cost structure and to begin a project to sell some of the Group's brands to cover all or part of the losses in FY 2018.  As stated at the time, the brands that contribute most significantly to the Group's net sales are not to be affected by this project. 

    The Group has decided to broaden the project's scope to include other assets, whose disposal would not limit the Group's capacity to develop and to execute its strategy.

    Since last September, given this situation, the Group sought in parallel to secure the backing of a solid partner, capable of providing the necessary financial means, and of supporting the execution of the strategy to be communicated by the Chief Executive Officer in Q1 2019.  It is within this context that a binding agreement is announced today with COFEPP, the Group's main shareholder, currently accounting for 29.47% of MBWS' capital.

    *Terms of the Agreement*

    The agreement foresees, inter alia, two alternative options, described hereafter, which are subject to a vote of approval by the shareholders at the Mixed General Assembly of MBWS shareholders the *"General Assembly"*), expected to be held on 31^st January 2019.
    COFEPP has committed to subscribe a loan for a nominal amount of 25 million euros, at an annual interest rate of 4.56%, maturing on 30^th April 2020 (the *"Bridge Loan"*).  This loan is subject to the favorable vote of shareholders at the General Assembly regarding one or the other of the two aforementioned options.  This Bridge Loan would be repaid in advance, at the completion date of one of the two options described hereafter, in order to enable the payment of the relevant shares by a receivable offset.  
    The proceeds of the Bridge Loan will allow for a partial recovery of the Group's financial situation, the repayment of some financial debt, and the strengthening of its cash position, thus enabling the acceleration of its development plan.  This first stage will be followed by additional financing, in accordance with one of the two options described hereunder.

    · *Principal Option*

    Subject to: (i) the favorable vote of the General Assembly on the resolutions regarding the Principal Option, (ii) COFEPP obtaining an exemption from the French Authority of Financial Markets (Autorité des marches financiers, *"AMF"*) for the obligation to launch a public offer, and (iii) COFEPP obtaining the authorization for the operation by the French and Polish anti-trust authorities under conditions considered acceptable by COFEPP, the following is foreseen:

    · the subscription by COFEPP to an increase in MBWS' capital, with the suspension of preferential subscription rights for the shareholders, which will be reserved for COFEPP, for a total amount (issue premium included) of 37.712 million euros via the issue of 9.4 million new ordinary MBWS shares at a subscription price per share (issue premium included) of 4 euros, equivalent to a premium of 5.60% vis-à-vis the volume-weighted average closing price (VWAP) of the last five days at 21 December 2018  (the *"COFEPP Reserved Capital Increase"*), of which 30 million euros are to be paid in cash or by a receivable offset, specifically with the Bridge Loan;
     
    · following the payment-delivery of the COFEPP Reserved Capital Increase, the allocation for free by MBWS to all shareholders of:
     

    · stock warrants exercisable for a period of one month to begin at the time of the COFEPP Reserved Capital Increase  (the *"Short-term stock warrants"* ), and granting the right to subscribe to new ordinary MBWS shares for a total amount of 49.3 million euros (issue premium included),
     
    · stock warrants exercisable for a period of 27 months to begin at the time of the COFEPP Reserved Capital Increase  (the *"Long-term stock warrants"*, and together with the Short-term stock warrants, the *"Stock warrants"*) and granting the right to new ordinary MBWS shares for a total amount of 49.3 million euros (issue premium included). 
     

    · 23 stock warrants will grant the right to subscribe to 10 new ordinary MBWS shares at a unit price of 3 euros, equivalent to a discount of 20.80% vis-à-vis the volume-weighted average closing price (VWAP) of the last five trading days at 21 December 2018.  The proceeds of the all stock warrants being exercised would represent and additional capital increase of 99 million euros.  COFEPP has committed to exercise the stock warrants and to subscribe to the shares issued by the exercising of the stock warrants for a total amount of 15 million euros, no later than the 2^nd working day of the respective exercise period. 

    A shareholder who owns 1% of the company's capital today would be diluted to 0.75% of the capital after the COFEPP Reserved Capital Increase.  Assuming all Short-term stock warrants are exercised by the other shareholders, the share of said shareholder (if he chooses not to exercise his stock warrants) would be 0.52% of capital, and then 0.40% of capital, assuming all Long-term stock warrants are exercised. 

    In the event the Principal Option is retained, MBWS has committed to submit to the General Assembly, the nomination, subject to the COFEPP Reserved Capital Increase, of members representing COFEPP so that the latter will hold a majority of seats on the Board of Directors. 

    In the event that the COFEPP Reserved Capital Increase is not completed, for whatever reason, by 28^th February 2019, and subject to the vote of approval by the General Assembly on the relevant resolutions, the Alternative Option will automatically come into effect.
    The Principal Option would enable a cash contribution of 45 million euros by COFEPP after the exercising of the stock warrants.  The company's shareholders' equity would also be strengthened by the exercising of the stock warrants granted to all the other shareholders.

    · *Alternative Option*

    Subject to the vote in favor by MBWS' General Assembly on the resolutions concerning the Alternative Option, the following is foreseen:

    · the implementation of a capital increase for MBWS with shareholders' preferential subscription rights for a total maximum amount of 35 million euros (issue premium included) via the issue of 15.4 million ordinary new MBWS shares at a subscription price equal to the volume-weighted average closing price (VWAP) of the last five trading days, decreased by a 40% discount, not to exceed 2.50 euros nor to be less than 2 euros, to be paid by receivable offset related to the Bridge Loan, or in cash (the* "Capital Increase with PSR"*);
     
    · the firm and irrevocable commitment by COFEPP: (i) to subscribe on an irreducible basis to the Capital Increase with PSR, equivalent to an amount of 10.5 million euros (issue premium included) and (ii) to subscribe as a guarantee for non-subscribed shares by other shareholders, on an irreducible or reducible basis in order to reach the 75% completion threshold of the Capital Increase with PSR, with the understanding that the shares held by COFEPP exceeding the 30% threshold of MBWS' capital could be -- at the demand of COFEPP -partially or completely placed with a Trust-manager in order to enable the trustee to reclassify said shares with complete independence;
     
    · the firm and irrevocable commitment by COFEPP to subscribe to a bond, by a receivable offset or in cash, for a total nominal amount of 29.5 million euros, at an annual interest rate of 4.56%, maturing on 30th April 2024, (the *"Bond"*).  It is specified that the total nominal amount of the Bond will be reduced to match the amount guaranteed by COFEPP as part of the Capital Increase with PSR.  The Bond could be repaid in MBWS shares under certain conditions, for a conversion price of 4 euros per share, subject to the vote of approval of the COFEPP Reserved Capital Increase by MBWS' General Assembly.

    Following the completion of the Capital Increase with PSR under the aforementioned conditions (and assuming that the COFEPP guarantee and the Trust-Manager are put into effect), COFEPP would own a maximum of 30% of MBWS' share capital and voting rights.  A shareholder (choosing not to exercise his preferential subscription rights) holding 1% of the capital today would see his holding diluted to 0.65% of capital after the Capital Increase with PSR.
    The Alternative Option would enable a cash contribution by COFEPP of 32.5 million euros without affecting the subscription of other shareholders.
    Diana Holding has committed to provide a blank power to the Chairman of the Board of MBWS in order for him to exercise the voting rights attached to the relevant shares in favor of all of the resolutions regarding the implementation of the Principal Option or the Alternative Option, which will be recommended by the Board of Directors.
    COFEPP and Diana Holding are not acting in concert toward MBWS, as defined by Article L. 233-10 of the French Business Code (Code de Commerce).
    Andrew Highcock, Chief Executive Officer of MBWS, declared, "We are very happy to have reached an agreement with COFEPP.  Faced with a deteriorating financial situation, decreasing net cash and difficulties in quickly reaching an agreement with our banking partners, it became necessary to find a solution that would enable us to continue to drive our business.  We have therefore sought an optimal solution, in the best interest of all of our partners.  During our discussions, we considered COFEPP to be the ideal industrial partner to support MBWS in its future development and to enable us to demonstrate the potential of our Group."
    *Next Steps *
    The completion of the various operations is subject to the approval of the General Assembly.  The meeting notice will be published on 26^th December 2018 on MBWS' web site, and in the Bulletin of Obligatory Legal Announcements (Bulletin des Annonces Légales Obligatoires).  It is further specified that the specific resolutions pertaining to the operation will not be included in the Meeting Notice at this stage, but will be inserted in the Convening Notice at the aforementioned General Meeting.  
    In order to guarantee the commitments made in this agreement, COFEPP has committed to put in escrow, no later than 2^nd January 2019, the amount of 25 million euros.
    In order to enable the fulfillment of the conditions to which the Principal Option is subject, COFEPP has committed (i) to submit its exemption request to the AMF and (ii) to file notifications with the French and Polish anti-trust authorities about the operation as soon as possible.
    The completion of the operation would also be subject to delivery by the AMF of its approval on the prospectus regarding the COFEPP Reserved Capital Increase and the issue of stock warrants, or the Capital Increase with PSR, as may be the case.   
    *Important information*
    No communication and no information in respect of this transaction may be distributed to the public in any jurisdiction where a registration or approval is required. No steps have been or will be taken in any jurisdiction (other than France) where such steps would be required. The issue, the subscription for or the purchase of MBWS' shares and/or warrants may be subject to specific legal or regulatory restrictions in certain jurisdictions.

    This announcement is not a prospectus within the meaning of Directive 2003/71/EC of the European Parliament and the Council of November 4th, 2003, as amended, in particular by Directive 2010/73/EU (together, the "*Prospectus Directive*").

    No securities offering will be opened to the public in France before the delivery of the visa on a prospectus prepared in compliance with the Prospectus Directive, as approved by the French Autorité des marchés financiers.

    With respect to the member States of the European Economic Area which have implemented the Prospectus Directive (each, a "*relevant member State*"), other than France, no action has been undertaken or will be undertaken to make an offer to the public of the securities requiring publication of a prospectus in any relevant member State. As a result, the new shares and/or warrants of MBWS may only be offered in relevant member States (i) to qualified investors, as defined by the Prospectus Directive; or (ii) in any other circumstances, not requiring MBWS to publish a prospectus as provided under Article 3(2) of the Prospectus Directive.

    The distribution of this press release is not made, and has not been approved, by an "authorized person" within the meaning of Article 21(1) of the Financial Services and Markets Act 2000. As a consequence, this press release is directed only at persons who (i) are located outside the United Kingdom, (ii) have professional experience in matters relating to investments within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (as amended), (iii) are persons falling within Article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (as amended) or (iv) are persons to whom this press release may otherwise lawfully be communicated (all such persons mentioned in paragraphs (i), (ii), (iii) and (iv) collectively being referred to as "Relevant Persons"). The securities are directed only at Relevant Persons and no invitation, offer or agreements to subscribe, purchase or acquire the securities may be proposed or made other than with Relevant Persons. Any person other than a Relevant Person may not act or rely on this document or any provision thereof. This press release is not a prospectus which has been approved by the Financial Conduct Authority or any other United Kingdom regulatory authority within the meaning of Section 85 of the Financial Services and Markets Act 2000.

    This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. Securities may not be offered, subscribed or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the "*U.S. Securities Act*"), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements thereof. The warrants and the shares of MBWS and rights in respect thereof have not been and will not be registered under the U.S. Securities Act and MBWS does not intend to make a public offer of its securities in the United States.

    The distribution of this document in certain countries may constitute a breach of applicable law. The information contained in this document does not constitute an offer of securities for sale in the United States, Canada, Australia or Japan.

    *This press release may not be published, forwarded or distributed, directly or indirectly, in the United States (including its territories and dependencies and any state of the United States), Canada, Australia or Japan.*

    *Marie Brizard Wine & Spirits* produces and sells a range of wine and spirits across four geographic clusters: Western Europe, Middle East & Africa, Central and Eastern Europe, the Americas, and Asia-Pacific. MBWS has distinguished itself for its know-how, the range of its brands, and a long tradition and history of innovation. From the inception of Maison Marie Brizard in Bordeaux, France in 1755, to the launch of Fruits and Wine in 2010, MBWS has successfully developed and adapted its brands to make them contemporary while respecting their origins. MBWS is committed to providing value by offering its customers bold, trustworthy, flavorful and experiential brands. The company has a broad portfolio of leading brands in their respective market segments, most notably William Peel scotch whisky, Sobieski vodka, Krupnik vodka, Fruits and Wine flavored wine, Marie Brizard liqueurs and Cognac Gautier. MBWS is listed on the regulated market of Euronext Paris, Compartment B (ISIN code FR0000060873, ticker MBWS) and is in the EnterNext© PEA-PME 150 index, among others.

    *                                                   *

    *Investor Contact*
    *Raquel Lizarraga  *
    raquel.lizarraga@mbws.com
    Tél : +33 1 43 91 50 *Press Contact*
    *Simon Zaks, Image Sept*
    szaks@image7.fr
    Tél : +33 1 53 70 74 63

    * *

    *Attachment*

    · MBWS and COFEPP sign a binding agreement.pdf Reported by GlobeNewswire 2 hours ago.

    0 0

    Vilnius (AFP) Dec 21, 2018

    Lithuania's central bank said Friday it has granted Google a pan-European e-money licence as the Baltic eurozone state seeks to attract firms concerned that Brexit may bar them from the EU market. Google Payment Lithuania "will be able to issue electronic money and provide payment services to ensure smooth operation of its marketplaces across Europe", it said in a statement. Lithuania, a Reported by Energy Daily 2 hours ago.

    0 0

    Self-driving rovers tested in Mars-like Morocco Paris (ESA) Dec 21, 2018

    Robots invaded the Sahara Desert for Europe's largest rover field test, taking place in a Mars-like part of Morocco. For two weeks three rovers and more than 40 engineers tested automated navigation systems at up to five different sites. This marked the end of the first phase of the strategic research cluster on space robotics technologies, a scheme funded by the European Union's Horizon 2 Reported by Energy Daily 2 hours ago.

    0 0

    *Commercial Electric Vehicle Market by Propulsion (BEV, HEV, PHEV, FCEV), by Vehicle Type (Electric Bus [>10 m,
    *Request to get the sample pages of the report: https://www.psmarketresearch.com/market-analysis/commercial-electric-vehicle-market/report-sample*

    On the basis of propulsion, the commercial electric vehicle market has been categorized into battery electric vehicle (BEV), hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), and fuel cell electric vehicle (FCEV). The BEV category is expected to dominate the market during the forecast period. This can be attributed to technological advancements in battery technology, which bring down the upfront cost; and the financial incentives offered by governments on the purchase of these vehicles.

    The commercial electric vehicle market for electric buses grew at a faster rate, with a CAGR of 75.9% in terms sales volume, during the historical period. Huge demand for electric buses from customers, including city governments and public-transit operators, is a propulsion to the strong adoption of electric buses.

    Based on battery, the commercial electric vehicle market has been categorized into lithium-iron-phosphate (LFP), lithium-nickel-manganese–cobalt oxide (NMC), and others. Commercial vehicles that run on LFP batteries are expected to continue dominating the market in the coming years. LFP batteries are safer than other batteries in the market and, therefore, more preferred for heavy-duty electric buses and trucks.

    However, during the forecast period, the fastest growth in the market is expected from NMC battery-powered commercial electric vehicles, with 20.4% CAGR, in terms of sales volume. lithium–titanate oxide (LTO) batteries are also expected to grow significantly during the forecast period.

    *Browse report overview with 165 tables and 66 figures spread through 201 pages and detailed TOC on "Commercial Electric Vehicle Market" at: https://www.psmarketresearch.com/market-analysis/commercial-electric-vehicle-market*

    Globally, APAC held the largest share in the commercial electric vehicle market during the historical period, accounting for more than 80% sales volume in 2017. China is the largest market for these vehicles in the world. Favorable government subsidies, stringent emission norms, and fuel-based vehicle replacement targets are the major factors driving the domestic demand for commercial electric vehicles in China.

    The commercial electric vehicle market in other parts of the world is still in its nascent phase and depends largely on government policies. The presence of few electric bus manufacturers and comparatively higher upfront costs have restricted the sales of these vehicles in these regions. However, the manufacturers in these regions are investing heavily for the development of these vehicles, which is anticipated to upsurge the market growth during the forecast period.

    *Make enquiry before buying the report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=commercial-electric-vehicle-market*

    The global commercial electric vehicle market is led by the Chinese manufacturers. Zhengzhou Yutong Group Co. Ltd., closely followed by BYD Co. Ltd., is the leading player in the electric bus market. These two companies hold a major share in the market, mainly on account of the longer battery life, more driving distance, and increased efficiency offered by their buses, as compared to buses offered by other market players. Dongfeng Motor Corporation is the leading player in the electric truck market. Other important player in the market are Zhongtong Bus & Holding Co. Ltd., Nanjing Golden Dragon Bus Co. Ltd., Zhuhai Yinlong New Energy Ltd., Futian Ouhui Bus, AB Volvo, Voltia a.s., Alkè, Zenith Motors, LLC, and Daimler AG’s subsidiary Mitsubishi Fuso Truck and Bus Corporation.

    *More Reports by P&S Intelligence*

    *Hybrid and Electric Vehicle Battery Market*

    The global hybrid and electric vehicle battery market is expected to grow at a CAGR of 20.0% in terms of value during 2016-2022. Among the various applications, the electric vehicle segment accounted for largest share (46.5%) in the hybrid and electric vehicle battery market in terms of value in 2015.

    *https://www.psmarketresearch.com/market-analysis/hybrid-and-electric-vehicle-battery-market*

    *Low Speed Electric Vehicle Market*

    Globally, Asia-Pacific is the largest market for low speed electric vehicles, followed by North America and Europe. The Asia-Pacific market is led by China, which accounted for the largest share in terms of revenue in 2017, valued at more than 90%. The size of the country, population, technological advancements, and government support in the form of subsidies and regulations have made the country a big LSEV market in the region. China is also the largest exporter of these electric vehicles in the world. However, the fastest growth during the forecast period is expected from India, due to low penetration of LSEVs in the country.

    *https://www.psmarketresearch.com/market-analysis/low-speed-electric-vehicle-market*

    *About P&S Intelligence*

    P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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    *Connect with us: *LinkedIn* | *Twitter* | *Google +* | *Facebook Reported by GlobeNewswire 2 hours ago.

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    *CONTACT - Media:*

    * * *CONTACT - Investor Relations:*
    Amsterdam +31.20.721.4488 Brussels +32.2.620.15.50 +33.1.70.48.24.17    
    Dublin
    Paris +353 1 6174266  +33.1.70.48.24.45 Lisbon +351.210.600.614      
               

    *EURONEXT PRESS RELEASE REGARDING OSLO BØRS VPS*

    *Amsterdam, Brussels, Dublin, Lisbon, London and Paris -  24 December 2018* - Euronext, the leading pan-European exchange, has approached the Board of Directors of Oslo Børs VPS Holding ASA ("Oslo Børs VPS")  to seek its support for a €625m^[1] cash tender offer for all the outstanding shares of Oslo Børs VPS, the Norwegian Stock Exchange and national CSD operator, headquartered in Oslo.

    If its offer is accepted, Euronext, a pan-European group managing the national stock exchanges of five European countries, would be fully committed to support the development of Oslo Børs VPS and of the broader Norwegian financial ecosystem. Euronext strongly believes that Oslo Børs VPS' unique strategic and competitive positioning, including a global leading position in seafood derivatives and a deep-rooted expertise in oil services and shipping, would further strengthen Euronext's position as the leading market infrastructure for the financing of the real economy in Europe. This transaction, if completed, would follow Euronext's recent acquisition of the Irish Stock Exchange and would represent another key milestone in the delivery of the group's vision to build a consistent pan-European marketplace offering best-in-class capital markets services.

    Following an invitation to consider an acquisition of shares in Oslo Børs VPS organized by a group of its shareholders, Euronext has already secured support for the offer from Oslo Børs VPS shareholders representing 49.6% of all outstanding shares, through a combination of irrevocable pre-commitments to tender their shares in the context of the offer to be launched, and share purchases. As part of the contemplated transaction, Euronext would, as soon as practical, launch a NOK 6.24 billion (€625m[1]) all-cash offer for the outstanding shares in Oslo Børs VPS, at NOK 145 per share, representing a 32% premium on Oslo Børs VPS's closing price on 17 December 2018^[2] and 34% on Oslo Børs VPS's 3-month volume-weighted average share price. Euronext's offer will be subject to certain customary conditions including a short due diligence period, minimum acceptance threshold of 50%, regulatory approvals and a favourable vote of Euronext shareholders.

    There can be no certainty that a transaction will be completed. The company undertakes no obligation to update the market on the discussions. Euronext will communicate material information, if any, in due course.

    *CONTACTS - *

    *Media*

    Pauline Bucaille:      +33 1 70 48 24 45; mediateam@euronext.com

    *Analysts & investors*

    Aurélie Cohen:*        *+33 1 70 48 24 17; ir@euronext.com

    *About Euronext*
    Euronext is the leading pan-European exchange in the Eurozone, covering Belgium, France, Ireland, The Netherlands, Portugal and the UK. With 1,300 listed issuers worth €3.9 trillion in market capitalisation as of end September 2018, Euronext is an unmatched blue chip franchise that has 24 issuers in the Morningstar® Eurozone 50 IndexSM and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, Euronext also operates Euronext GrowthTM and Euronext AccessTM, simplifying access to listing for SMEs.
    For the latest news, find us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

    *Disclaimer*
    This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided "as is" without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext's subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.
    This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.
    © 2018, Euronext N.V. - All rights reserved.

    The Euronext Group processes your personal data in order to provide you with information about Euronext (the "Purpose"). With regard to the processing of these personal data, Euronext will comply with its obligations under the Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data (General Data Protection Regulation, "GDPR"), and any applicable national laws, rules and regulations implementing the GDPR. In accordance with the applicable legislation you have a right to access your personal data and a right to the rectification, erasure, restriction of processing, data portability or to object to the processing of your personal data. You may also submit a complaint to the competent data privacy authority. For any request regarding the processing of your data, please use our data subject request form or email our Data Protection Officer at dpo@euronext.com. Your personal data will be retained as long as necessary for the Purpose and will be accessible only to the extent necessary for this specific Purpose.
    ^[1] Based on an exchange rate of EUR 1.00 = NOK 9.97 as of December 23, 2018.

    ^[2] Which is the last trading day before Euronext submitted its offer to certain Oslo Børs VPS shareholders.

    *Attachment*

    · Euronext Press Release Regarding Oslo Børs VPS.pdf Reported by GlobeNewswire 2 hours ago.

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    Funds Date Ticker ISIN code Shares in Currency Net Asset NAV/per share Symbol Issue Value Base Invesco FTSE RAFI Europe 21.12.2018 PSRE IE00B23D8X81 1,000,001 EUR ... Reported by PR Newswire 8 minutes ago.

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    Funds Date Ticker ISIN code Shares in Currency Net Asset NAV/per share Symbol Issue Value Base Invesco FTSE RAFI Europe 21.12.2018 PSES IE00B23D8Y98 700,001 EUR ... Reported by PR Newswire 8 minutes ago.

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