Neither the size of the sale nor the valuation is public, but the disposal is in line with concentrating on markets where
Read MoreThe coupon postponement to 11 October has been approved. We expect a
Read MoreIf the financial newspaper’s report is accurate, the valuation would be a 15% discount to book value, a disappointing
Read MoreThe latest news on OHLA is a step in the right direction, although there is still work to get a deal finalised. The Spanish export insurance company proposes to
Read MoreIt appears that the creditors have agreed to extend the cooperation agreement to February 2026, with an option to extend a furthe
Read MoreCPI has plans for Immofinanz and was unlikely to want to involve a potentially hostile shareholder. Petrus’ 11% stake in Immofinanz didn’t
Read MoreFormerly known as Upfield, the Dutch edible spreads business launched a €100 million add-on to its existing 6.875% senior secured notes at
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The till failure was limited and lasted only a short time, but ASDA needs to get on top of these glitches to avoid the
Read MoreOHLA wants bondholders to amend and extend maturities in the 2026 bonds at a lower coupon, but the bondholders are seeking an
Read MoreThe departure of Mohsin Issa as ASDA CEO was expected, but the inability to get someone to take on the job is a puzzle. The separation of ASDA from
Read MoreAs the pre-marketing process for the rights issue continues to gather steam, the first ports of call for the company and its advisors at Rothschild & Co. appear to be
Read MoreBrookfield is rumoured to seek an extension to continue its due diligence on Grilols. But the only announcement from Grifols this
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Even though we felt comfortable with Adler’s financial statements throughout the entire episode - never mind some of the (legal) abuse of standards) - we are
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CEO Lutz Schüler is on medical leave for up to 8 weeks and will be replaced temporarily by the CFO; he is expected to
Read MoreThe OHLA capital raise is not yet a done deal. However, we still see the deal getting over the line. The proposed capital raise will only happen if
Read MoreWe remain positive about Morrisons. Q3 revenue growth was in line with our forecast, and whilst EBITDA margins were lower
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