Posts tagged: Fosun
Tuesday, 7 January 2020, 9:17 pm
This doesn't look good: two of the larger Abu Dhabi-based shareholders in NMC Health are trying to offload $490 million of stock in the embattled gulf-based healthcare group via their lenders amid a bear raid from Muddy Waters, the most feared short seller. Below is the top-line from the this evening's announcement and link:..
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Friday, 12 July 2019, 6:56 am
No wonder credit default swaps on Thomas Cook's bonds (effectively the cost of bond insurance) were blowing out earlier this week.
Overnight, the details of some funky debt-for-equity swap deal emerged via the Kleimmanator of Sky News (to be fair, it was a good scoop) with Fosun, the Chinese conglomerate that is already Thomas Cook's largest shareholders. Below is the link:..
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Tuesday, 23 April 2019, 6:47 pm
The collapse of Debenhams wasn't exactly Mike Ashley's finest hour.
The owner of Newcastle United Football Club lost £150 million on the 29.9pc equity stake he built over several years after being outmanouvered by the credit funds and the company ahead of a financial restructuring.
Now, though, it would appear Fosun - the Chinese conglomerate led by Guo Guangchang, dubbed China's Warren Buffett - is following a similar path to maverick Mike...
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Wednesday, 1 August 2018, 8:47 pm
Betaville has been banging on about this second wave of China-backed interest in European businesses for the last month or so.
And today there has been further evidence to back this website's theories. A group of Chinese investors have snapped Irish stockbroker Goodbody for EURO 150 million. Below is a link to a Financial Times report on the deal:..
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Betaville IntelligenceWednesday, 25 July 2018, 7:27 am
Oh look - I see Bloomborg last night published a piece that about Belgian insurer Ageas that is eerily similar to the one Betaville published a couple of weeks ago. I have pasted the links below:
https://www.bloomberg.com/news/articles/2018-07-24/fosun-is-said-to-consider-takeover-of-10-billion-insurer-ageas..
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