From Breakingviews: Thyssenkrupp’s elevator buyout faces a tough search for new investors, and a South Korean buyer walks away from Anbang’s hotels. Catch up with the latest pandemic-related insights here:
The logo of Thyssenkrupp is seen near elevators in its headquarters in Essen, Germany, November 21, 2019.FREEFALL. Private equity groups Advent International and Cinven are stuck in a lift, with no one returning their call for help. The buyout duo lead a consortium that won the battle for Thyssenkrupp’s elevator business with a 17.2 billion euro offer just before Covid-19 struck the West.
ANBANG’S UNCOMFORTABLE STAY. South Korea’s Mirae Asset Global Investments is walking away from a deal to buy $5.8 billion worth of U.S. hotels from the troubled Chinese insurance giant, which is fresh out of two years of regulatory administration. Anbang Insurance’s assets have been ported into a new company called Dajia Insurance, 98% owned by the China Insurance Security Fund, which is in turn controlled by the Ministry of Finance.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Mirae Asset scraps $5.8 billion deal to buy U.S. hotels from China's AnbangSouth Korea's Mirae Asset Global Investments said on Monday that it has terminated a $5.8 billion deal to buy 15 U.S. hotels from China's Anbang Insurance Group [ANBANG.UL].
Lire la suite »
Breakingviews - America could actually shirk its debts to China(Reuters Breakingviews) - With all the economic damage China wrought by covering up Covid-19’s spread, why should Uncle Sam pay back the $1.1 trillion it owes the People’s Republic? To do otherwise would cause market chaos, potentially trash the dollar’s status as a reserve currency and fail to slow the pandemic’s course. But President Donald Trump would find it surprisingly easy to effectively renege on those obligations. And as he sets out on a re-election campaign themed on blaming China for all his troubles, it’s only a matter of time before this bad idea gains wider traction.
Lire la suite »
Indians queue for liquor as capital eases some coronavirus curbsHundreds of people queued outside liquor stores in New Delhi on Monday as the Indian capital began easing some curbs after a 40-day lockdown against the coronavirus, while some offices resumed work with fewer staff and traffic trickled into the streets.
Lire la suite »
India Eases Lockdown Even as COVID-19 Cases RiseBusinesses are reopening in the capital New Delhi, but health experts warn that India's virus curve has yet to peak
Lire la suite »
Moscow mayor says actual number of COVID-19 patients is roughly 2 percent of city populationSergei Sobyanin wrote on his personal blog that the Russian capital was not past the peak of the outbreak.
Lire la suite »
Here's how Wall Street says to bet on the post-pandemic economyAnalysts from Raymond James, Bank of America and RBC Capital Markets have given advice on how to play the economic recovery post-coronavirus.
Lire la suite »