Hints and tips:
...Even where they do bid for finance, activity down on the ground from winning bids is still unlikely to occur until 2022 or 2023 at the earliest....
...Today, it reduced its number of parts further, in a bid to raise funds: it said it had agreed to offload some healthcare projects to rival Serco for £50m....
...German insurer Allianz has joined forces with the Canadian pension fund that owns the Channel Tunnel Rail Link to explore a bid for London’s City Airport, which has been put up for sale by its US owners...
...suspicion of big overseas funds....
...This volatility induced position cutting becomes self- reinforcing until yields reach a level that induces the participation of VaR-insensitive investors, such as pension funds, insurance companies or households...
...Borealis is the infrastructure arm of Omers Worldwide, one of Canada’s largest pension funds....
...Canada’s Borealis Infrastructure fund and the Ontario Teachers’ Pension Plan are understood to be members of possible rival bidding consortia....
...With its pension fund deficit recently revalued and higher funding costs now known, Martin Evans, Cazenove analyst, believes a predator could now strike, particularly as its acquisition costs could be offset...
...“We view the prospect of a private equity bid for the entirety of BT as improbable, although not impossible, given that the company …has one of the largest pension liabilities in the FTSE,” said Simon Weedon...
...The reverse takeover and construction project will cost $79m in total....
...Rumours that fund manager HHG could be a potential bid candidate refused to go away and the shares closed up 2.5 per cent at 62.5p....
International Edition