Funding & Business
JPMorgan, Deutsche Bank Lead €750 Million Kelvion Buyout Debt
Lenders including JPMorgan Chase & Co. and Deutsche Bank AG are providing around €750 million ($879 million) of debt financing to back Apollo Global Management Inc.’s acquisition of German cooling equipment firm Kelvion.
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Botswana’s credit rating was cut by S&P Global Ratings, another blow to its diamond-dependent economy that’s struggling with a slump in demand for its gems.
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Snam SpA’s purchase of a stake in German gas network operator Open Grid Europe from Abu Dhabi’s Infinity Investments is unlikely to close this month as planned, Il Sole 24 Ore reported.
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Funding & Business
<strong>Vaneer Bhansali on Losing Fed Independence as the Biggest Tail Risk Right Now</strong>
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