Hints and tips:
...For the local guys in those two monster segments, the threat has always been that Uber, Amazon et al can simply come in and eat their lunch....
...But Akbar Al Baker, Qatar Airways’ chief executive, this month said his airline was not interested in buying the Bankia stake....
...It serves more than 2,100 enterprises, 200 carriers and 2.5m retail customers in 163 countries and owns 65,000km of undersea cables, the largest private system in the world....
...The Makhloufs are first cousins of Syrian President Bashar al-Assad. The EU’s anti-fraud office, OLAF, is investigating whether the transaction broke European and US sanctions (Wall Street Journal)....
...Mr Lagardère, 51, was first criticised over his private life last year when he was filmed cavorting with Ms Foret in a video widely distributed on the web....
...Henry Kravis, KKR’s co-founder....
...Outside the EU, Russia, Turkey et al. are also vulnerable to “optimisation of risk-weighted assets,” to use the euphemism plastered all over eurozone banks’ Q3 results presentations....
...Aabar, chaired by Khadem al-Qubaisi, is an investment vehicle of IPIC, a government wealth fund founded in 1984 that focuses on overseas energy investments, overseen by Sheikh Mansour bin Zayed Al Nahyan...
...It took a first step in late 2009, when it issued convertible bonds to investors including First Reserve, the US-based private equity group that focuses on natural resources; GIC, Singapore’s sovereign wealth...
...“We are friendly to management and as professional investors we will look to add value to the company, such as with the recommendations we make [on the board] and by offering to co-invest with the company...
...What really happened at Northern Rock, Royal Bank of Scotland et al? This gives you a clearer idea....
...“If [the investment by] GIC was going to be that large, it would trigger reporting requirements for GIC and they would need clearance from the Fed....
...GIC, which manages Singapore’s foreign reserves and has assets of up to $330bn, has long been seen as a large but passive asset management fund as opposed to the more aggressive private equity-style tactics...
...Citigroup, after all, has had Prince al-Waleed bin Talal, the Saudi billionaire, as a shareholder since the early 1990s when he bought shares in what was then Citicorp....
...And this time it’s RBS et al on the back foot....
...There can be little doubt that Eden et al will achieve or better the top-of-the-band pricing of $18.50-a-share....
...Mr Frazier, general counsel for Merck, the US drugmaker, readily acknowledges - yet slightly downplays - his record as a corporate lawyer built in private practice earlier in his career....
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