Funding & Business
KNDS, Triton Reach Agreement After Spat Over Renk Stake
Investment firm Triton Partners has agreed to transfer about half of its shares in gearbox maker Renk Group AG to Franco-German defense company KNDS NV, settling a dispute that has dragged on since February.
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Junk debt is about as safe as investment-grade now, at least according to prices in credit markets.
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Electricite de France SA’s Italian unit, Edison SpA, is ready to return to the public market if its French parent approves a plan to relist through an initial public offering.
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