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August 1, 2021


Canal+ Polska revives Warsaw listing ambitions amid IPO boom

FILE PHOTO: The Vivendi logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris March 14, 2014. REUTERS/Charles Platiau/File Photo LONDON (Reuters) – Polish pay-TV platform Canal+ Polska has revived plans for an initial public offering (IPO) in Warsaw, seeking to take advantage of a surge......

Spain’s Opdenergy to kick off renewable IPO rush in April: sources

By Abhinav Ramnarayan, Isla Binnie LONDON/MADRID (Reuters) – Spain’s Opdenergy is preparing to launch an initial public offering (IPO) as soon as April, three sources told Reuters, potentially paving the way for several other energy firms to raise funds to build solar parks and wind farms in the country. FILE......

Dubai developer Nakheel considers sale of district cooling assets – sources

By Davide Barbuscia, Hadeel Al Sayegh DUBAI (Reuters) – Dubai state developer Nakheel is considering the sale of its district cooling assets, three sources familiar with the matter told Reuters, as real estate companies in the United Arab Emirates offload non-core activities amid the coronavirus downturn. FILE PHOTO: The logo......

Italy’s Cerved confirms sale talks of its debt collection arm

March 7 (Reuters) – Italian credit group Cerved Group SPA confirmed sale talks of its debt collection arm in a statement on Sunday. The confirmation comes a day after Reuters reported about the company’s advanced discussions with U.S. investment firm Centerbridge for a deal. “Cerved Group S.p.A. confirms that negotiations......

Germany charges ex-Steinhoff managers with balance sheet fraud

BERLIN (Reuters) – German prosecutors have filed charges against three former managers at South African retailer Steinhoff for balance sheet fraud, three years after the company first revealed holes in its accounts. The Oldenburg prosecutor’s office said on Thursday it had filed charges against the trio for allegedly manipulating the......

Occidental Petroleum expects temporary impact from winter storms

FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid (Reuters) – The impact of severe winter storms in Texas last week that shuttered oil production in the top......

Occidental Petroleum posts larger quarterly loss on asset sale

HOUSTON (Reuters) – Occidental Petroleum Corp on Monday posted a larger-than-expected fourth-quarter loss despite higher oil and gas prices as an asset sale weighed on results. FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New......

S&P joins Fitch in downgrade of Ethiopia on potential debt restructuring

The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., on December 13, 2018. REUTERS/Brendan McDermid/File Photo (Reuters) – S&P Global Ratings on Friday downgraded Ethiopia’s long-term foreign and local currency sovereign credit ratings to ‘B-’ from ‘B’ on potential debt restructuring,......

Chesapeake Energy emerges from bankruptcy and shifts back to natural gas

HOUSTON (Reuters) – U.S. shale producer Chesapeake Energy Corp on Tuesday exited Chapter 11 bankruptcy with business plan that nods to its founders’ emphasis on natural gas after a recent push into crude oil. FILE PHOTO: Chesapeake Energy Corporation’s 50 acre campus is seen in Oklahoma City, Oklahoma, on April......

Analysis: Indian ARC may only give banks respite from toxic debt flood

By Nupur Anand, Aftab Ahmed MUMBAI/ NEW DELHI (Reuters) – India’s plan to set up a bad bank may boost valuations and ease short-term stress for state-owned lenders, but bankers and sector insiders are concerned it will not solve deeper problems. A man walks past a logo of State Bank......

PPF would keep MONETA listed after proposed Air Bank tie-up

PRAGUE (Reuters) – Investment group PPF expects to gain sufficient support for its offer to take control of MONETA Money Bank through a merger of assets, and it has no plans to de-list the Czech lender, a PPF executive said on Monday. Jean-Pascal Duvieusart, chief executive of PPF’s global consumer......

Exclusive: AMC Entertainment explores new capital raise amid stock surge – sources

By Mike Spector, Jessica DiNapoli NEW YORK (Reuters) – AMC Entertainment Holdings Inc is exploring raising more capital, including through yet another possible stock sale, to weather the COVID-19 pandemic and take advantage of this week’s rally in its shares, people familiar with the matter said on Thursday. FILE PHOTO:......

Italy’s Ferrero snaps up British cereal bars maker Eat Natural

FILE PHOTO: Jars of Nutella chocolate-hazelnut paste is seen in this picture illustration taken October 22, 2017. Picture taken October 22, 2017. REUTERS/Stefano Rellandini MILAN (Reuters) – Nutella-maker Ferrero has agreed to buy Eat Natural, a British maker of cereal bars, muesli and granola, to expand into healthier snacks, the......

Cannabis review site Weedmaps agrees $1.5 billion deal to go public

(Reuters) – WM Holding Company, a cannabis technology company which operates the online U.S. platform Weedmaps where users find and rate marijuana sellers, said on Thursday it has agreed to go public through a merger with Silver Spike Acquisition Corp. FILE PHOTO: Customers shop at the Grass Station marijuana shop......

Euro zone to move on bailout fund reform amid COVID worries

BRUSSELS (Reuters) – Euro zone finance ministers are likely to push ahead next Monday with stalled changes to their ESM bailout fund to strengthen the resilience of the common currency area as the COVID-19 pandemic increases risks of future economic trouble. FILE PHOTO: European Union flags flutter outside the EU......

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