Bloomberg Business

China’s CATL Is Said to Pick Banks for $5 Billion Swiss GDR Sale

Contemporary Amperex Technology Co. Ltd., the world’s biggest maker of batteries for electric cars, has chosen banks for its sale of global depositary receipts in Switzerland to raise at least $5 billion, according to people familiar with the matter.

Indian Tycoons Bought Adani Shares During Short Seller Fight

At least two of India’s biggest business families participated in Adani Enterprises Ltd.’s $2.5 billion share sale, according to people familiar with the matter, in a sign of solidarity with Gautam Adani as the tycoon fights short seller allegations that sent the value of his empire plummeting.

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