MILAN/LONDON (Reuters Breakingviews) - Ever since uppity investor Elliott Advisors turned up at Pernod Ricard late last year, Paris has been awash with talk that LVMH is lurking somewhere behind the gilded curtains, waiting to pounce on the $46 billion spirits group. The rumours reached a fever pitch in February when an equity research firm published a report detailing the potential financial benefits that might accrue from such a deal.
LONDON (Reuters Breakingviews) - Bob Dudley and Igor Sechin both have something the other lacks. The BP chief executive, whose $138 billion oil producer owns 20 percent of Sechin’s $67 billion Rosneft, may look covetously at the Russian group’s fat margins. Sechin, meanwhile, will look ruefully at Dudley’s much perkier valuation.
LONDON (Reuters Breakingviews) - Oleg Deripaska has become a political football. A pre-Christmas deal with the U.S. Treasury to lift sanctions on the Russian oligarch’s power group En+ has riled Democrats worried about the Kremlin’s influence in domestic politics. While the deal contains multiple grey areas, the overall upshot looks sufficiently black and white.
LONDON European equity raising slowed sharply in 2018, making it the biggest drag on falling global activity, Refinitiv data showed on Friday, as political uncertainty and growth concerns made it harder to persuade investors to buy stock.
LONDON/WARSAW A consortium of investors including the Poland's sovereign wealth fund PFR is close to buying the country's DCT Gdansk port terminal, owned by the infrastructure fund of Australia's Macquarie, three sources familiar with the matter said.
LONDON, Dec 7 Britain's AJ Bell bucked
a trend of lacklustre European initial public offerings (IPOs),
as the investment platform provider's shares jumped more than 9
percent in their market debut on the London Stock Exchange on
LONDON, Dec 7 Britain's AJ Bell is
set to trade on the London Stock Exchange on Friday, after an
initial public offering (IPO) that valued the investment
platform provider at up to 675 million pounds ($863 million).
FRANKFURT/LONDON/MADRID, Dec 5 Investment firm
Varde Partners is planning to float its Spanish online bank
WiZink next year, with investment banks UBS and Goldman
Sachs likely to be selected as IPO coordinators, people
close to the matter said.
LONDON A London court ruled on Tuesday that it had no jurisdiction in a case pitting PrivatBank against its two former main shareholders, representing a setback in efforts by Ukraine's largest lender to claw back money it says was lost to fraud.
* Court said it has no say in bank's case against former