Europe’s Biggest IPO Raises $1.8 Billion for Templeton-Led Fund
Franklin Templeton-managed Fondul Proprietatea raised 8.1 billion lei ($1.8 billion) in Romania’s largest ever initial public offering and this year’s biggest share listing in Europe.
Bloomberg Business
Mitsotakis Steps Up Reforms to Send Greek Crisis to History
Prime Minister Kyriakos Mitsotakis is stepping up the pace of reform at the start of his second term in office as he looks to capitalize on a commanding majority to consign Greece’s crisis years to history.
Russia’s Oil and Gas Revenue Fell by Over a Quarter in June
Russia’s oil and gas revenue shrank by over a quarter last month amid lower crude prices and capped gas flows to Europe.
Ex-London Cop Will Get Top Job at UK’s Serious Fraud Office
The UK will name a former top London cop as the new head of the Serious Fraud Office as it looks to move beyond a series of missteps that have tarnished its reputation.
EU Ignites Battle Over Relaxed GMO Crop Rules in Green Push
The European Union unveiled proposals to soften rules on genetically modified crops in a plan that’s set to pit big agricultural companies against green activists and small farmers.
Brazil’s Football Teams Agree $500 Million Deal With Investors
The majority of Brazil’s top professional football clubs are set to sign an agreement with investors that could end a fight between rival leagues wrestling for control of the sport in the country.
Casino Sinks as Billionaires’ Bids Give Investors Rude Awakening
Casino Guichard-Perrachon SA’s shares plunged as investors size up competing offers to rescue the troubled French grocer from groups headed by two billionaires, each of which would leave existing holders with almost nothing.
TikTok Emerges as Threat to Amazon With $20 Billion Shopping Pilot
Booming Indonesia offers a template for TikTok’s global e-commerce push
Bets on ‘Year of the Bond’ Persist in Face of Still-Hawkish Fed
Some of the biggest bond managers are sticking to their bullish view on the market for US government debt, even as that trade looks riskier by the day.
Hedge Fund King Street Raising Funds for ‘Slow-Motion Car Crash’ in Credit
Brian Higgins has helped guide King Street Capital Management to pounce on some of the most high-profile distressed debt events of the past two decades, from Lehman Brothers Holdings to Revlon Inc. to WeWork Inc.
