LONDON Some London Stock Exchange investors have told Hong Kong Exchanges and Clearing (HKEX) that any bid must contain more cash and be up to 20% higher to persuade them to engage, three shareholders and a banking source close to the deal said.
LONDON/DUBAI/SINGAPORE State-owned Saudi Aramco has approached Abu Dhabi Investment Authority (ADIA), Singapore's GIC and other sovereign wealth funds to invest in the domestic leg of the oil giant's listing at it seeks to achieve a $2 trillion (1.6 trillion pounds) valuation, sources said.
LONDON Hong Kong Exchange and Clearing (HKEX) said it was "thinking big" in its $39 billion London Stock Exchange bid as LSE CEO David Schwimmer said he was sticking with his $27 billion purchase of data and analytics company Refinitiv.
LONDON/DUBAI Saudi state oil company Aramco has hired UBS Group and Deutsche as bookrunners for its initial public offering, two sources familiar with the matter said, in a sign that the deal is moving ahead despite a recent attack on Saudi oil facilities.
LONDON Peel Ports, Britain's second largest port operator, has attracted bids for a stake of up to 25% from international funds, undeterred by worries about the country's scheduled departure from the European Union, two sources said.
LONDON Hong Kong Exchanges and Clearing is embarking on a three-week charm offensive with London Stock Exchange investors as the Asian trading house tries to salvage its proposed $39 billion takeover offer.
By Hadeel Al Sayegh, Davide Barbuscia, Marwa Rashad and Clara Denina
By Hadeel Al Sayegh, Davide Barbuscia, Marwa Rashad and Clara Denina
The United States said on Sunday it will withdraw its remaining 1,000 troops from northern Syria in the face of an expanding Turkish offensive while Syria's army struck a deal with Kurdish forces to redeploy along its border with Turkey, both major victories for Syrian President Bashar al-Assad.