Kroger’s closure of three sites was at the worst end of our expectations. The closure fees from Kroger for the CFC closures imply a valuation of
Read MoreViridien is splitting the CEO/Chair role when Sophie Zurquiyah steps down in June 2026, which is evidence of good corporate governance. Keeping
Read MoreProman is happy that CONSEN can export fertiliser to the US tariff-free. For the avoidance of doubt, this returns the
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Altor has provided a larger equity injection than we anticipated, with the €50m contribution funding the 15% cash element under the
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Creditors received no update on the two key issues that will drive credit spreads in the medium term during AMS Osram’s Q3
Read MoreLast week, the US dropped the 15% tariff on fertiliser products from Trinidad and Tobago (T&T), which will protect the profitability of its
Read MoreRedeeming the $260m Preference shares (held by Ardagh Group) makes sense for AMP, as these shares were originally put in
Read MoreThe tender was popular. Intrum had applied a waterfall of priorities between the bonds, prioritising the front end and the
Read MoreRound 1 of the capital increase is underway for €828m of fresh equity. Thi sis the reserved leg to be subscribed by the French state, also
Read MoreThe company has closed the sale of its MeTS division for the announced €410m. The liquidity will give the company much
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The tone of the Cerba call continues to centre on self-help measures and cost savings as the Company attempts to grow into its
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Rekeep reported its Q3 numbers, although most of the discussion focused on the criminal investigation undertaken by the
Read MoreYes, IRIS2 is committed to, but this is not the shift of funds that will boost the slower-than-expected government satellite
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The upgrade to B+ will not make too much difference to the potential holder base, as the company rating was already B. We are sceptical that the current
Read MoreThe financial metrics behind the downgrade from Fitch to CCC+ match our thinking. We believe a further cash injection will be needed and
Read MoreThe restructuring is finally complete, after the abortive attempts to leave existing shareholders driving the bus. The next step will be
Read MoreRekeep is set to report its Q3 results later today, but investor focus is instead on reports that the Palermo Prosecutor’s Office has requested house arrest for
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