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Purchase of Via Monte Napoleone 8 from Blackstone comes as luxury groups compete for desirable locations
...A statement on behalf of Liberia-registered True Confidence SA, the owner, and managers Third January Maritime, of Piraeus, Greece, reported “with great sadness” that one Vietnamese and two Filipino crew...
By accepting an offer without putting it to shareholders, TI is storing up trouble
Largest shareholder ‘deeply regrets’ acceptance of private equity’s firm offer of up to €22bn for fixed-line network
Majority shareholder Vivendi has been gnashing its teeth in the wings and may try to stop the impending nuptials with KKR
Plus, a German tech entrepreneur cashes in and Singapore’s GIC bolsters its bets on US private assets
Move opens new chapter in long-running battle over future of heavily indebted mobile and broadband group
Investment revealed weeks after music streaming group announced job cuts and widening losses
Italian group has been under pressure to relinquish control of Autostrade per l’Italia
The appeal of the Italian infrastructure group is clear
Purchase from PAI Partners comes as holidaymakers plan breaks closer to home in wake of pandemic
...Think of the Beatles’ Sgt Pepper’s Lonely Hearts Club Band, or any of the 1960s’ concept albums; an idea popularised by the advent of the vinyl LP in the late 1940s....
...Spark holds minority stakes in Australian energy companies including 49 per cent of SA Power Networks and Victoria Power Networks. It also owns the Bomen Solar Farm in New South Wales....
Cost-cutting and reorganisation are welcome, but investors want to see growth
...“Nestlé SA today announced that it is in discussions to acquire all or part of The Bountiful Company,” the company said in a one-line statement, confirming a Wall Street Journal report last week....
Ousting of Emmanuel Faber underlines challenge of pursing profits and ESG goals
Activist investors have been attacking the French consumer group since January
Hedge fund hit by heavy redemptions as assets sink for second year in a row
Emmanuel Faber says consumer group can pivot to address activists’ concerns
Artisan Partners and adviser Jan Bennink meet board to present ‘wish list’ of changes
Artisan Partners criticises performance of French group, echoing similar calls from activist fund Bluebell Capital
Emmanuel Faber will stay on as chairman despite investors calling for his departure
...Or just plain cash, pushed into the palm of a disc jockey or stuffed in an LP sleeve. All these are documented examples of “payola”, undisclosed sweeteners to get songs played....
Hedge fund manager battles over restructuring of Spanish casino operator
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