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...The holding company owned by French billionaire François Pinault and his children will end up holding a 56 per cent stake, the documents show....
...The price of quitting After graduating from a Shanghai university in 2022, self-described introvert Yao joined the grocery operations of the city’s fastest-rising tech giant, Pinduoduo....
...Sheikh Mansour owns Premier League football club Manchester City, while RedBird IMI last month agreed to buy a British television production company, All3Media, for more than £1.1bn....
...“The specific timing and putting a more positive spin on the challenging historical performance stands out relative to other ETFs.”...
...One thing to start: The private equity industry is facing a “shakeout” that could result in painful losses for investors who piled into the sector without properly understanding the risks of holding illiquid...
...He describes Publicis as “shifting from a holding company to a tech platform”, which will “radically change” how it operates its advertising business....
...The crocodiles of blindfolded survivors, who navigate the city’s ruins with fragile bits of string holding them together, evoke medieval penitents searching for sanctuaries that are seldom secure....
...Carlyle was taking the view that the airport would bounce back quickly and take market share from nearby rivals such as London City Airport and Stansted. Things haven’t gone to plan....
...City veteran Gerry Grimstone, who stepped down as the UK’s investment minister last year, has joined Bain & Co as an adviser on a project advising Saudi Arabia’s investment ministry....
...Bird also listed European rival Tier, from whom it acquired its US subsidiary Spin in September in a $19mn deal, as holding a more than 10 per cent equity stake....
...Investors holding 80 per cent cent of the shares in the Spac merging with VinFast redeemed their holdings — roughly in line with other recent deals. Such cancelled shares reduced VinFast’s free float....
...The pair have bought minority holdings in Clipway, a firm set up by former Ardian senior investor Vincent Gombault....
...Over the next 12 years, the Polpo group went on to open 17 restaurants including regional branches of Polpo, spin-offs Da Polpo and Polpetto, and the diner-style Spuntino....
...The Pinault family’s holding company Artémis, whose other holdings include a controlling stake in luxury group Kering and auction house Christie’s, plans to use $2.8bn in equity and $425mn in debt to buy...
...“Odesa is a Russian city. We know that. Everyone knows that. But no, they thought up all sorts of historical nonsense,” he said....
...Spin-off called off Alibaba Group has called off a plan to spin off its cloud unit, a segment that was supposed to be a bright spot for the company....
...Giphy meets its ‘boomer’ fate In addition to holding the rights to this widely recognised meme, Shutterstock has now picked up a whole trove of lowbrow internet humour....
...It is also the second-largest shareholder in City Football Group, the owner of Manchester City, which is controlled by Sheikh Mansour bin Zayed Al Nahyan, the billionaire Abu Dhabi royal....
...Shareholders in Melrose will get shares in Dowlais commensurate with their holding in Melrose....
...Another €1.9bn is due at holding company Rallye in 2025....
...An hour or so later, I was on the campaign plane heading to New Hampshire with sleepless aides trying frantically to spin how the third-place finish need not matter....
...The miner has effectively argued that holding on to its big thermal coal business is not only the economically preferable course but (don’t laugh) the morally superior one....
...In March, Ma returned to the city of Hangzhou where Alibaba is headquartered to help oversee the break-up of the group....
...“A restructuring or spin-off would mean that we lose this revenue as our bank would no longer have the connectivity....
...Chart of the week Fears for the future of the London stock market are mounting after SoftBank and CRH, the world’s largest building materials group, shunned the City in favour of New York....
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