The boundaries of investment mandates are in flux. Dealspeak takes a look at how last week's USD 4bn investment by KKR [NYSE:KKR] andBlackrock’s [NYSE:BX] infrastructure funds to acquire 40% ofADNOC’s midstream assets to find out a little more.
News thatSiemens’[ETR:SIE] merger withAlstom [EPA:ALO] has been blocked on competition grounds further highlights the obstacles faced by those intent on creating “European champions” to compete with Chinese and US giants.
The gold mining sector is littered with junior miners and single-mine companies that, in a previous era, might have been acquired by majors as soon as they made a big discovery, obtained a key permit, or entered project financing to build their mine
Germany is proud of its automotive industry; its small and medium-sized enterprises make up the backbone of Europe’s manufacturing landscape. From production, supply chain management and distribution, Germany’s ‘Mittelstand’ companies predominantly occupy the industrials sector.
Brazilians head to the polls again on Sunday to decide who will run the country for the next four years during a second round that appears clearer than the divisive nature of those running for office, with extreme right candidate, Jair Bolsonaro, expected to walk away winning.
In keeping with the controversy that often accompanies him, Mike Ashley, CEO and 61%-owner of Sports Direct [LON:SPD], caused a stir with one of the more inflammatory stock exchange announcements likely to be issued this month. This time, he accused shareholders of backstabbing.