Posts tagged: Fosun
Friday, 12 July 2019, 6:56 am
No wonder credit default swaps on Thomas Cook's bonds (effectively the cost of bond insurance) were blowing out earlier this week.
Overnight, the details of some funky debt-for-equity swap deal emerged via the Kleimmanator of Sky News (to be fair, it was a good scoop) with Fosun, the Chinese conglomerate that is already Thomas Cook's largest shareholders. Below is the link:..
Tuesday, 23 April 2019, 6:47 pm
The collapse of Debenhams wasn't exactly Mike Ashley's finest hour.
The owner of Newcastle United Football Club lost £150 million on the 29.9pc equity stake he built over several years after being outmanouvered by the credit funds and the company ahead of a financial restructuring.
Now, though, it would appear Fosun - the Chinese conglomerate led by Guo Guangchang, dubbed China's Warren Buffett - is following a similar path to maverick Mike...
Wednesday, 1 August 2018, 8:47 pm
Betaville has been banging on about this second wave of China-backed interest in European businesses for the last month or so.
And today there has been further evidence to back this website's theories. A group of Chinese investors have snapped Irish stockbroker Goodbody for EURO 150 million. Below is a link to a Financial Times report on the deal:..
Read more...Betaville Intelligence
Wednesday, 25 July 2018, 7:27 am
Oh look - I see Bloomborg last night published a piece that about Belgian insurer Ageas that is eerily similar to the one Betaville published a couple of weeks ago. I have pasted the links below: