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Tabreed and CVC Capital Partners are in exclusive negotiations to acquire Multiply Group’s district cooling business, PAL Cooling Holding, for approximately $1.1 billion. This potential deal highlights the increasing interest from global private equity firms in Gulf infrastructure assets as regional economies diversify away from hydrocarbons. Both companies have not commented on the negotiations, with Tabreed stating it will disclose any material developments as necessary.
ANAX Capital has officially launched in the UAE, aiming to provide transparent trading for both retail and professional clients. Founded by Tabinda Sanpal, the firm offers a range of trading products, including forex and commodities, supported by advanced technology and a commitment to client empowerment. With a capital base of Dhs30m, ANAX Capital is poised for international expansion while maintaining a focus on regulatory compliance and community engagement.
Shinhan Financial Group Chair Jin Ok-dong engaged in high-level discussions with Goldman Sachs executives in Europe to enhance collaboration in wealth management and investment banking. The meetings, part of a weeklong investor relations tour, focused on strategies for cross-border asset management and sustainable profit models in the Korean market. Jin also outlined Shinhan's financial targets and explored growth opportunities in Poland's energy, infrastructure, and defense sectors.
On June 6, the Ministry of Finance will unveil the "Lex UBS," a regulation with significant global implications for Switzerland's relationship with its largest bank. Karin Keller-Sutter, the President of the Swiss Confederation, is navigating the political landscape to impose strict capital requirements, distancing herself from the banks amid rising public scrutiny. This marks a pivotal shift in Swiss banking politics, as the government grapples with the balance between regulation and economic stability.
NatWest's tumultuous journey post-bailout saw leadership changes and significant financial losses, culminating in a near-£10 billion loss for taxpayers. Despite efforts to re-privatize and refocus on the UK market, public anger and operational challenges persisted, leading to the eventual ousting of CEO Alison Rose in 2023. The government’s gradual sell-down of shares began in 2015, but the long-term impact of the financial crisis remains evident.
Director John B. Hess acquired 3,904 shares of The Goldman Sachs Group for $1,997,598.72, marking a significant increase in ownership. Analysts have recently downgraded the stock's ratings, with an average target price of $593.40, while institutional investors hold 71.21% of shares. The company reported strong quarterly earnings, beating estimates with $14.12 EPS and a revenue of $15.06 billion. A quarterly dividend of $3.00 per share has been declared, reflecting a 2.02% yield.
Wells Fargo & Company reported a quarterly EPS of $1.39, surpassing estimates, despite a 3.4% revenue decline year-over-year. The firm announced a $40 billion share repurchase plan, indicating confidence in its stock value, and declared a quarterly dividend of $0.40 per share. Analysts maintain a "Moderate Buy" rating with a consensus price target of $75.73.
[SEC](https://www.sec.gov) and [Bloomberg]
UBS faces increasing pressure as CEO Sergio Ermotti expresses concerns over stricter capital requirements proposed by Finance Minister Karin Keller-Sutter. Despite the successful integration of Credit Suisse, UBS's share price lags, and the bank fears that higher capital demands could hinder its competitiveness and attractiveness to investors. As the political process unfolds, UBS has time to advocate for a more flexible approach to capital regulations.
The Bank of Ghana is awaiting a final agreement among parties involved in the sale of shares in Société Générale Ghana before proceeding with regulatory actions. Governor Dr. Johnson Asiama emphasized that the central bank's role is to ensure due diligence and compliance with regulatory requirements, while the sale process continues with prospective buyers. Despite rumors of the bank's exit from Ghana, Société Générale Ghana has reaffirmed its commitment to strengthening its capital base.
Finance Mergers & Acquisitions
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
tabreed and cvc in exclusive talks to acquire multiply's cooling unit
12:39 30.05.2025
anax capital launches in uae aiming for transparent and client-focused trading
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