The DWS IPO – Crying for Cryan

Deutsche Bank or the art of tripping over coffee tables Deutsche Bank AG is a German financial giant, founded in 1870 and headquartered in Frankfurt. It operates with more than 100,000 employees in over 70 countries and has been trying for a long time to become a global investment banking powerhouse of proportions similar to … Continue reading The DWS IPO – Crying for Cryan

Foxes May Lose Their Hair, But Not Their Goals

On the 15th of December the independent committee of Sky has approved to sell to 21st Century Fox 60.4% of its equity ownership at £10.75 per share. The agreement comes after two rejections by the committee in the previous days, and it represents the latest attempt of the Murdoch Brothers to acquire full ownership of … Continue reading Foxes May Lose Their Hair, But Not Their Goals

LSE – DB merger: a crucial step towards Capital Markets Union

London Stock Exchange Group (LSE:LSE) and Deutsche Börse (DB1X.N:GER) have agreed to merge and give birth to the largest European stock exchange group with a combined market capitalization of over $6tn. Industry Overview Not only have the financial markets been exceptionally turbulent since the last quarter of 2015 but also the exchange operators that are … Continue reading LSE – DB merger: a crucial step towards Capital Markets Union

From Bratislava with Love: Slovak nuclear on sale

On December 18th Enel announced an agreement with EPH for the sale of its 66% stake in the Slovak subsidiary Slovenské Elektrárne. Discussions are still ongoing about the possible purchase of a 17% stake by the Slovak Government to maintain the control of the company, the first electricity producer and distributor in Slovakia. Companies overview … Continue reading From Bratislava with Love: Slovak nuclear on sale

BOILING SUMMER IN THE BUILDING-MATERIALS INDUSTRY

Industry Overview Relevant signals of growth and recovery are shown in the segments of building materials sector which represent Italcementi and Heidelberg core businesses. Furthermore, continued tailwinds will bring benefits regarding revenue and cash flows in the last part of the year. The sharp fall in oil price and the weakness of Euro will have … Continue reading BOILING SUMMER IN THE BUILDING-MATERIALS INDUSTRY

A EUROPEAN FUND MANAGEMENT POWERHOUSE: SANTANDER AND UNICREDIT COMBINE THEIR ASSET MANAGEMENT UNITS

Banco Santander will combine its asset management arm with Pioneer Investments, a unit of Unicredit. The combined company will manage $429 bn in assets. This deal follows the recent trend in the M&A activity of Asset and Wealth Management firms. Enhancements to profitability, economies of scope and scale, and regulatory compliance are amongst the main … Continue reading A EUROPEAN FUND MANAGEMENT POWERHOUSE: SANTANDER AND UNICREDIT COMBINE THEIR ASSET MANAGEMENT UNITS

THE END OF A TRILOGY – VALEANT ON SALIX CASE.

The increased M&A activity within the Healthcare sector has not slowed down in 2015, after we saw a record volume of transactions in the previous year. After securing financing, Canada-based Valeant has won a tender offer for Salix Pharmaceuticals, in a $14.5bn transaction. The market trend of increased deal activity for tax-inverted players still continues. … Continue reading THE END OF A TRILOGY – VALEANT ON SALIX CASE.